Leeward Investments LLC MA Sells 33,640 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Leeward Investments LLC MA decreased its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 26.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,709 shares of the insurance provider’s stock after selling 33,640 shares during the quarter. Leeward Investments LLC MA’s holdings in Reinsurance Group of America were worth $17,689,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Reinsurance Group of America by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider’s stock worth $1,067,264,000 after purchasing an additional 110,877 shares during the period. American Century Companies Inc. raised its position in Reinsurance Group of America by 7.3% in the third quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider’s stock worth $378,288,000 after acquiring an additional 177,299 shares during the period. Earnest Partners LLC boosted its stake in shares of Reinsurance Group of America by 2.7% during the 3rd quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider’s stock worth $344,257,000 after acquiring an additional 62,045 shares during the last quarter. Nuance Investments LLC grew its position in shares of Reinsurance Group of America by 14.7% during the 4th quarter. Nuance Investments LLC now owns 1,114,060 shares of the insurance provider’s stock valued at $180,233,000 after acquiring an additional 142,627 shares during the period. Finally, Norges Bank purchased a new stake in shares of Reinsurance Group of America in the 4th quarter worth $122,301,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, EVP John W. Hayden sold 1,767 shares of Reinsurance Group of America stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total value of $365,503.95. Following the sale, the executive vice president now owns 16,490 shares of the company’s stock, valued at approximately $3,410,956.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RGA has been the topic of several analyst reports. Piper Sandler lifted their target price on Reinsurance Group of America from $228.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. Raymond James boosted their price objective on Reinsurance Group of America from $212.00 to $228.00 and gave the company a “strong-buy” rating in a research note on Friday, June 14th. Jefferies Financial Group increased their target price on shares of Reinsurance Group of America from $240.00 to $247.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $225.00 price target on shares of Reinsurance Group of America in a report on Friday, June 14th. Finally, Evercore ISI upped their price target on shares of Reinsurance Group of America from $225.00 to $241.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 26th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $221.18.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded down $0.95 on Thursday, hitting $204.87. 254,916 shares of the company traded hands, compared to its average volume of 309,351. Reinsurance Group of America, Incorporated has a 52 week low of $135.07 and a 52 week high of $213.21. The business has a 50-day simple moving average of $204.50 and a 200 day simple moving average of $185.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market capitalization of $13.48 billion, a P/E ratio of 15.92 and a beta of 0.92.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the firm posted $5.16 EPS. Research analysts expect that Reinsurance Group of America, Incorporated will post 20.94 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were given a $0.85 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.66%. Reinsurance Group of America’s dividend payout ratio is currently 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.