Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV cut its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,762 shares of the insurance provider’s stock after selling 74 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Reinsurance Group of America were worth $384,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. acquired a new stake in shares of Reinsurance Group of America in the third quarter valued at approximately $25,000. New Covenant Trust Company N.A. purchased a new position in Reinsurance Group of America during the 1st quarter worth $28,000. International Assets Investment Management LLC acquired a new position in Reinsurance Group of America in the second quarter valued at $28,000. Family Firm Inc. purchased a new stake in shares of Reinsurance Group of America in the second quarter valued at about $29,000. Finally, LRI Investments LLC acquired a new stake in shares of Reinsurance Group of America during the first quarter worth about $33,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

NYSE RGA traded up $4.02 during trading hours on Friday, reaching $215.10. The company’s stock had a trading volume of 924,285 shares, compared to its average volume of 317,857. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.17 and a current ratio of 0.17. The company’s 50-day moving average is $215.72 and its two-hundred day moving average is $209.02. Reinsurance Group of America, Incorporated has a fifty-two week low of $146.16 and a fifty-two week high of $227.87. The stock has a market cap of $14.17 billion, a PE ratio of 19.76 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating the consensus estimate of $5.11 by $1.02. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.68%. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same period in the prior year, the business earned $5.57 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts forecast that Reinsurance Group of America, Incorporated will post 21.8 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.66%. Reinsurance Group of America’s dividend payout ratio (DPR) is 32.69%.

Wall Street Analysts Forecast Growth

Several analysts have commented on RGA shares. Piper Sandler upped their price objective on 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. Morgan Stanley decreased their price target on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Jefferies Financial Group boosted their price objective on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Wells Fargo & Company raised their target price on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Barclays dropped their price target on shares of Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average price target of $226.62.

Insider Activity

In related news, EVP William L. Hutton sold 1,209 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the completion of the transaction, the executive vice president now owns 12,357 shares of the company’s stock, valued at approximately $2,705,812.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.37% of the company’s stock.

Reinsurance Group of America Profile

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.