Reinsurance Group of America, Incorporated (NYSE:RGA) Holdings Lifted by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. increased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,557 shares of the insurance provider’s stock after acquiring an additional 95 shares during the period. GHP Investment Advisors Inc.’s holdings in Reinsurance Group of America were worth $2,082,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. purchased a new stake in shares of Reinsurance Group of America in the third quarter worth approximately $25,000. New Covenant Trust Company N.A. acquired a new stake in shares of Reinsurance Group of America during the 1st quarter valued at $28,000. International Assets Investment Management LLC purchased a new position in shares of Reinsurance Group of America during the 2nd quarter valued at $28,000. Family Firm Inc. acquired a new position in shares of Reinsurance Group of America in the second quarter worth $29,000. Finally, LRI Investments LLC purchased a new stake in shares of Reinsurance Group of America during the first quarter worth $33,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the sale, the executive vice president now directly owns 12,357 shares of the company’s stock, valued at $2,705,812.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on RGA shares. Wells Fargo & Company boosted their target price on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Barclays reduced their target price on shares of Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. Citigroup increased their price target on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Piper Sandler lifted their price objective on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.62.

Reinsurance Group of America Trading Down 1.0 %

Reinsurance Group of America stock opened at $210.43 on Friday. The business’s 50-day simple moving average is $215.33 and its 200-day simple moving average is $208.08. Reinsurance Group of America, Incorporated has a 52 week low of $144.74 and a 52 week high of $227.87. The firm has a market capitalization of $13.84 billion, a PE ratio of 16.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.07 billion. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company earned $4.40 earnings per share. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 21.8 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.69%. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, August 9th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 27.66%.

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.