Sei Investments Co. Buys 51,931 Shares of Reinsurance Group of America, Incorporated $RGA

Sei Investments Co. boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 840,884 shares of the insurance provider’s stock after purchasing an additional 51,931 shares during the period. Sei Investments Co. owned 1.28% of Reinsurance Group of America worth $161,557,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. BOKF NA boosted its holdings in shares of Reinsurance Group of America by 91.3% in the 3rd quarter. BOKF NA now owns 373 shares of the insurance provider’s stock valued at $72,000 after buying an additional 178 shares during the last quarter. UBS Group AG increased its holdings in Reinsurance Group of America by 158.3% during the third quarter. UBS Group AG now owns 143,388 shares of the insurance provider’s stock worth $27,549,000 after buying an additional 87,885 shares during the last quarter. Bank of Montreal Can raised its position in Reinsurance Group of America by 49.4% during the third quarter. Bank of Montreal Can now owns 252,159 shares of the insurance provider’s stock worth $48,447,000 after acquiring an additional 83,371 shares in the last quarter. Legal & General Group Plc raised its position in Reinsurance Group of America by 0.8% during the third quarter. Legal & General Group Plc now owns 141,487 shares of the insurance provider’s stock worth $27,184,000 after acquiring an additional 1,057 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Reinsurance Group of America by 1.5% in the third quarter. Swiss National Bank now owns 128,100 shares of the insurance provider’s stock valued at $24,612,000 after acquiring an additional 1,900 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Down 0.6%

Reinsurance Group of America stock opened at $204.76 on Friday. The company’s 50-day moving average price is $208.02 and its two-hundred day moving average price is $198.23. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The stock has a market cap of $13.42 billion, a P/E ratio of 11.54 and a beta of 0.50. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $229.21.

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

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a $0.93 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.72 annualized dividend and a yield of 1.8%. Reinsurance Group of America’s payout ratio is 20.96%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RGA. TD Cowen restated a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Piper Sandler reiterated an “overweight” rating and set a $263.00 price target on shares of Reinsurance Group of America in a report on Friday, February 6th. Morgan Stanley boosted 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. Finally, Wells Fargo & Company upped their price objective on Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Reinsurance Group of America has an average rating of “Moderate Buy” and an average price target of $244.57.

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.