Neo Ivy Capital Management Acquires Shares of 5,616 Reinsurance Group of America, Incorporated $RGA

Neo Ivy Capital Management bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 5,616 shares of the insurance provider’s stock, valued at approximately $1,079,000.

A number of other institutional investors have also recently made changes to their positions in RGA. Richard W. Paul & Associates LLC grew its position in Reinsurance Group of America by 3.7% during the second quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock valued at $302,000 after buying an additional 54 shares during the period. Geneos Wealth Management Inc. grew its holdings in Reinsurance Group of America by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 58 shares during the period. Bessemer Group Inc. increased its position in Reinsurance Group of America by 1.0% in the third quarter. Bessemer Group Inc. now owns 5,776 shares of the insurance provider’s stock worth $1,110,000 after buying an additional 58 shares in the last quarter. Xponance Inc. raised its stake in shares of Reinsurance Group of America by 0.8% in the third quarter. Xponance Inc. now owns 7,637 shares of the insurance provider’s stock worth $1,467,000 after buying an additional 58 shares during the period. Finally, Millstone Evans Group LLC lifted its position 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 valued at $26,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $207.59 on Friday. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 11.70 and a beta of 0.50. The firm has a 50-day moving average of $207.88 and a two-hundred day moving average of $197.88. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $229.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.14 and a quick ratio of 0.14.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, beating the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter in the previous year, the firm posted $4.99 earnings per share. The company’s revenue was up 26.6% on a year-over-year basis. On average, research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. Reinsurance Group of America’s dividend payout ratio (DPR) is 20.96%.

Analyst Ratings Changes

A number of research analysts recently weighed in on RGA shares. Piper Sandler restated an “overweight” rating and set a $263.00 target price on shares of Reinsurance Group of America in a research note on Friday, February 6th. Morgan Stanley lifted their price target on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. 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 research report on Wednesday, February 25th. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a research note on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $247.75.

Reinsurance Group of America Company 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.