Blueshift Asset Management LLC Sells 199 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Blueshift Asset Management LLC lessened its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 12.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,374 shares of the insurance provider’s stock after selling 199 shares during the quarter. Blueshift Asset Management LLC’s holdings in Reinsurance Group of America were worth $299,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. bought a new position in Reinsurance Group of America during the 3rd quarter worth about $25,000. International Assets Investment Management LLC bought a new position in shares of Reinsurance Group of America during the second quarter worth about $28,000. Family Firm Inc. acquired a new stake in Reinsurance Group of America in the 2nd quarter valued at approximately $29,000. Private Trust Co. NA lifted its stake in Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 120 shares in the last quarter. Finally, Wolff Wiese Magana LLC acquired a new position in Reinsurance Group of America during the 3rd quarter worth approximately $34,000. Institutional investors own 95.11% of the company’s stock.

Insider Transactions at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the transaction, the executive vice president now directly owns 12,357 shares of the company’s stock, valued at approximately $2,705,812.29. This trade represents a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

RGA has been the topic of a number of recent research reports. 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 report on Wednesday, October 2nd. Royal Bank of Canada boosted their price target on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays increased their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Morgan Stanley lowered their price target on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $227.77.

Reinsurance Group of America Stock Down 0.9 %

Shares of RGA opened at $229.46 on Friday. The firm has a market cap of $15.11 billion, a P/E ratio of 21.07 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. Reinsurance Group of America, Incorporated has a 52 week low of $157.48 and a 52 week high of $233.81. The firm’s 50-day simple moving average is $220.07 and its 200 day simple moving average is $213.53.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating the consensus estimate of $5.31 by $0.82. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.57 earnings per share. On average, analysts forecast that Reinsurance Group of America, Incorporated will post 21.93 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is currently 32.69%.

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.