Leeward Investments LLC MA Trims Position in Reinsurance Group of America, Incorporated $RGA

Leeward Investments LLC MA lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,714 shares of the insurance provider’s stock after selling 4,095 shares during the period. Leeward Investments LLC MA’s holdings in Reinsurance Group of America were worth $14,387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of RGA. Millstone Evans Group LLC raised its holdings in shares of Reinsurance Group of America by 82.4% during the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 61 shares during the period. Activest Wealth Management purchased a new position in shares of Reinsurance Group of America during the 4th quarter worth $30,000. Root Financial Partners LLC purchased a new position in shares of Reinsurance Group of America during the 3rd quarter worth $33,000. International Assets Investment Management LLC purchased a new position in shares of Reinsurance Group of America during the 4th quarter worth $35,000. Finally, Advisory Services Network LLC purchased a new stake in Reinsurance Group of America in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Barclays boosted their price objective on shares of Reinsurance Group of America from $256.00 to $268.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Reinsurance Group of America in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Piper Sandler reduced their price objective on shares of Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a report on Monday. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average target price of $249.00.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock opened at $210.87 on Friday. Reinsurance Group of America, Incorporated has a one year low of $165.52 and a one year high of $229.21. The company has a market cap of $13.81 billion, a PE ratio of 11.42 and a beta of 0.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. The business has a 50-day simple moving average of $207.03 and a 200-day simple moving average of $202.90.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the company posted $5.66 earnings per share. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, equities research analysts forecast that Reinsurance Group of America, Incorporated will post 26.39 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio is 20.15%.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.