Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,099 shares of the insurance provider’s stock after selling 781 shares during the period. Mackenzie Financial Corp’s holdings in Reinsurance Group of America were worth $1,957,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. VisionPoint Advisory Group LLC raised its holdings in Reinsurance Group of America by 116.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. Toth Financial Advisory Corp raised its holdings in Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 70 shares during the last quarter. Covestor Ltd raised its holdings in Reinsurance Group of America by 532.8% in the 3rd quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 357 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Reinsurance Group of America in the 4th quarter valued at about $72,000. Finally, Signaturefd LLC raised its holdings in Reinsurance Group of America by 61.9% in the 3rd quarter. Signaturefd LLC now owns 701 shares of the insurance provider’s stock valued at $102,000 after acquiring an additional 268 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the completion of the transaction, the executive vice president now owns 13,625 shares of the company’s stock, valued at approximately $2,341,183.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP William L. Hutton sold 1,908 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total value of $346,950.72. Following the sale, the executive vice president now directly owns 13,363 shares in the company, valued at approximately $2,429,927.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the completion of the sale, the executive vice president now owns 13,625 shares in the company, valued at $2,341,183.75. The disclosure for this sale can be found here. Insiders sold 6,462 shares of company stock valued at $1,162,239 in the last 90 days. Company insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on RGA shares. Piper Sandler increased their price objective on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, April 5th. UBS Group raised their price target on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Morgan Stanley raised their price target on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. raised their price target on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $212.00 price target on shares of Reinsurance Group of America in a report on Friday, April 12th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $194.38.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $190.04 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market capitalization of $12.50 billion, a P/E ratio of 14.15 and a beta of 0.89. The company has a 50 day moving average price of $183.22 and a 200 day moving average price of $168.63. Reinsurance Group of America, Incorporated has a fifty-two week low of $133.13 and a fifty-two week high of $196.25.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, beating the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The company had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the company posted $2.99 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were given a $0.85 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 annualized dividend and a yield of 1.79%. Reinsurance Group of America’s dividend payout ratio is presently 25.32%.

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.