AlphaCore Capital LLC Buys 3,025 Shares of Reinsurance Group of America, Incorporated $RGA

AlphaCore Capital LLC purchased a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA) during the third quarter, HoldingsChannel.com reports. The firm purchased 3,025 shares of the insurance provider’s stock, valued at approximately $745,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RGA. WCM Investment Management LLC grew its stake in shares of Reinsurance Group of America by 3.0% during the first quarter. WCM Investment Management LLC now owns 2,830,620 shares of the insurance provider’s stock worth $566,803,000 after purchasing an additional 82,681 shares during the period. Dimensional Fund Advisors LP increased its holdings in Reinsurance Group of America by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,114,998 shares of the insurance provider’s stock valued at $227,624,000 after purchasing an additional 15,372 shares during the last quarter. Sei Investments Co. lifted its stake in Reinsurance Group of America by 1.0% in the first quarter. Sei Investments Co. now owns 837,391 shares of the insurance provider’s stock valued at $170,960,000 after buying an additional 8,221 shares during the period. First Trust Advisors LP boosted its holdings in Reinsurance Group of America by 5.1% during the first quarter. First Trust Advisors LP now owns 479,000 shares of the insurance provider’s stock worth $97,793,000 after buying an additional 23,105 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Reinsurance Group of America by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 417,970 shares of the insurance provider’s stock worth $85,333,000 after buying an additional 2,493 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.

More Reinsurance Group of America News

These are some of the RGA news items that stood out recently:

• Positive Sentiment: Wells Fargo upgraded RGA to Overweight and raised its price target to $312 from $292, implying about 13.4% upside from the cited $275.24 price. Wells Fargo rating
• Positive Sentiment: Dowling & Partners raised its earnings estimates, now forecasting EPS of $30.60 for FY2027 (up from $29.90) and $33.10 for FY2028 (up from $32.40). Higher forecasts signal improved expectations for future earnings.
• Negative Sentiment: EVP Jonathan Porter sold 3,852 shares for about $1.05 million, reducing his holdings by 25.88%. He retained 11,033 shares; the sale may still weigh on sentiment but does not establish the reason for the transaction. SEC filing

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $275.24 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.14 and a current ratio of 0.16. The company has a market capitalization of $17.90 billion, a P/E ratio of 10.64 and a beta of 0.43. The company’s 50 day moving average price is $257.46 and its two-hundred day moving average price is $228.24. Reinsurance Group of America, Incorporated has a 52 week low of $182.73 and a 52 week high of $277.15.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, November 5th. The insurance provider reported $8.49 earnings per share for the quarter, topping analysts’ consensus estimates of $6.97 by $1.52. Reinsurance Group of America had a net margin of 6.26% and a return on equity of 16.18%. The firm had revenue of $7.55 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same period in the prior year, the business earned $6.37 EPS. On average, analysts expect that Reinsurance Group of America, Incorporated will post 30.05 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 17th. Reinsurance Group of America’s dividend payout ratio is currently 15.15%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Reinsurance Group of America from $293.00 to $297.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, November 4th. Barclays set a $292.00 price objective on shares of Reinsurance Group of America in a report on Thursday, October 8th. UBS Group upgraded shares of Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Finally, Morgan Stanley raised shares of Reinsurance Group of America from an “equal weight” rating to an “overweight” rating and set a $295.00 price target for the company in a report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $281.12.

Insider Activity

In related news, EVP Jonathan Porter sold 3,852 shares of the stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $271.53, for a total transaction of $1,045,933.56. Following the completion of the transaction, the executive vice president directly owned 11,033 shares in the company, valued at approximately $2,995,790.49. This trade represents a 25.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated (RGA) is a global life and health reinsurer. It works with insurance companies to help them manage risks and support the development and distribution of insurance products. Its services include life and health reinsurance, as well as solutions involving longevity risk and asset-intensive reinsurance. RGA also provides underwriting expertise, data and analytics, and product and risk-management support to its clients. Founded in 1973, RGA serves clients across North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.