Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 12.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,898 shares of the insurance provider’s stock after selling 15,654 shares during the quarter. Picton Mahoney Asset Management owned 0.16% of Reinsurance Group of America worth $17,295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lindbrook Capital LLC grew its position in Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after buying an additional 87 shares during the period. VisionPoint Advisory Group LLC grew its position in shares of Reinsurance Group of America by 116.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 114 shares during the period. Toth Financial Advisory Corp increased its stake in shares of Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 70 shares in the last quarter. Covestor Ltd raised its holdings in Reinsurance Group of America by 532.8% in the 3rd quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 357 shares during the period. Finally, Bruce G. Allen Investments LLC purchased a new position in Reinsurance Group of America during the fourth quarter worth approximately $72,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the sale, the executive vice president now owns 13,363 shares in the company, valued at $2,429,927.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the transaction, the chief financial officer now directly owns 49,549 shares in the company, valued at approximately $9,061,521.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William L. Hutton sold 1,908 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the transaction, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,462 shares of company stock worth $1,162,239. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RGA. UBS Group increased their target price on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Wells Fargo & Company lifted their target price on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Royal Bank of Canada restated an “outperform” rating and set a $212.00 price target on shares of Reinsurance Group of America in a research report on Friday, April 12th. Piper Sandler lifted their price objective on Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $189.00 to $195.00 and gave the company a “neutral” rating in a report on Friday. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $196.00.

Reinsurance Group of America Trading Up 1.2 %

NYSE RGA traded up $2.40 on Tuesday, reaching $203.32. 737,493 shares of the company were exchanged, compared to its average volume of 363,885. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average price is $187.73 and its 200 day moving average price is $171.82. The stock has a market capitalization of $13.38 billion, a P/E ratio of 15.80 and a beta of 0.88. Reinsurance Group of America, Incorporated has a fifty-two week low of $135.07 and a fifty-two week high of $205.59.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $4.55 by $1.47. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. The firm had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter in the previous year, the company posted $5.16 EPS. Analysts forecast that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Monday, May 13th. Reinsurance Group of America’s payout ratio is presently 26.42%.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.