Reinsurance Group of America, Incorporated $RGA Shares Sold by UBS Group AG

UBS Group AG decreased its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 7.1% during the 4th quarter, Holdings Channel reports. The fund owned 133,247 shares of the insurance provider’s stock after selling 10,141 shares during the quarter. UBS Group AG’s holdings in Reinsurance Group of America were worth $27,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WCM Investment Management LLC raised its holdings in Reinsurance Group of America by 3.6% during the third quarter. WCM Investment Management LLC now owns 2,734,458 shares of the insurance provider’s stock worth $519,356,000 after purchasing an additional 94,479 shares in the last quarter. American Century Companies Inc. raised its holdings in Reinsurance Group of America by 15.9% during the third quarter. American Century Companies Inc. now owns 2,369,057 shares of the insurance provider’s stock worth $455,167,000 after purchasing an additional 324,239 shares in the last quarter. State Street Corp raised its holdings in Reinsurance Group of America by 2.8% during the third quarter. State Street Corp now owns 2,346,447 shares of the insurance provider’s stock worth $450,823,000 after purchasing an additional 64,296 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Reinsurance Group of America by 4.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,098,564 shares of the insurance provider’s stock worth $211,054,000 after purchasing an additional 49,323 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Reinsurance Group of America by 6.6% during the third quarter. Sei Investments Co. now owns 840,884 shares of the insurance provider’s stock worth $161,557,000 after purchasing an additional 51,931 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

RGA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group raised their price objective on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Piper Sandler reissued an “overweight” rating and set a $263.00 price objective on shares of Reinsurance Group of America in a report on Friday, February 6th. Wells Fargo & Company lifted their target price 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, Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $249.29.

Trending Headlines about Reinsurance Group of America

Here are the key news stories impacting Reinsurance Group of America this week:

• Positive Sentiment: RGA delivered a Q1 earnings and revenue beat, driven by higher investment income, premium gains, and Financial Solutions growth, which is likely encouraging investors. RGA Q1 Earnings & Revenues Top Estimates on Higher Investment Income
• Positive Sentiment: JPMorgan raised its price target on RGA to $270 and kept an overweight rating, signaling confidence in further upside. Price target raised by JPMorgan Chase & Co.
• Positive Sentiment: RGA also announced a quarterly dividend of $0.93 per share, reinforcing its shareholder return profile.
• Neutral Sentiment: Several recap and comparison articles reiterated the same strong quarterly results, but did not add new material information for investors.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $210.27 on Friday. The firm’s fifty day moving average price is $207.78 and its 200 day moving average price is $202.17. Reinsurance Group of America, Incorporated has a 1-year low of $165.52 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. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 11.39 and a beta of 0.50.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.28%. The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period last year, the firm posted $5.66 EPS. Reinsurance Group of America’s quarterly revenue was up 23.5% on a year-over-year basis. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 26.4 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, May 19th. Reinsurance Group of America’s payout ratio is presently 20.15%.

About Reinsurance Group of America

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.