Sei Investments Co. Increases Position in Reinsurance Group of America, Incorporated $RGA

Sei Investments Co. increased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 837,391 shares of the insurance provider’s stock after purchasing an additional 8,221 shares during the quarter. Sei Investments Co.’s holdings in Reinsurance Group of America were worth $170,960,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC lifted its position in shares of Reinsurance Group of America by 26.5% during the 1st quarter. SG Americas Securities LLC now owns 89,847 shares of the insurance provider’s stock valued at $18,343,000 after buying an additional 18,826 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Reinsurance Group of America by 34.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 21,293 shares of the insurance provider’s stock worth $4,332,000 after acquiring an additional 5,500 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in Reinsurance Group of America by 616.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 60,870 shares of the insurance provider’s stock worth $11,695,000 after acquiring an additional 52,372 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Reinsurance Group of America by 8,703.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 50,974 shares of the insurance provider’s stock worth $10,371,000 after acquiring an additional 50,395 shares during the period. Finally, Geode Capital Management LLC raised its position in Reinsurance Group of America by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,341,364 shares of the insurance provider’s stock worth $272,966,000 after acquiring an additional 12,682 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

RGA has been the topic of a number of research analyst reports. Evercore reaffirmed an “outperform” rating and issued a $267.00 price target on shares of Reinsurance Group of America in a research note on Monday, May 18th. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Wells Fargo & Company raised their target price on Reinsurance Group of America from $261.00 to $269.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. TD Cowen lifted their target price on Reinsurance Group of America from $212.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $255.00.

Insiders Place Their Bets

In other news, EVP John W. Hayden sold 414 shares of Reinsurance Group of America stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the sale, the executive vice president directly owned 20,949 shares of the company’s stock, valued at approximately $4,502,987.55. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ronald Herrmann sold 7,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $210.58, for a total value of $1,474,060.00. Following the completion of the sale, the executive vice president owned 3,938 shares in the company, valued at $829,264.04. This represents a 64.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $235.26 on Thursday. 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 firm has a market cap of $15.41 billion, a P/E ratio of 12.74 and a beta of 0.47. The firm’s 50 day moving average price is $215.73 and its 200-day moving average price is $210.40. Reinsurance Group of America, Incorporated has a one year low of $165.52 and a one year high of $245.00.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, beating the consensus estimate of $6.03 by $0.94. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.66 EPS. As a group, equities research analysts predict that Reinsurance Group of America, Incorporated will post 26.86 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 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.