LSV Asset Management Reduces Stock Position in Reinsurance Group of America, Incorporated $RGA

LSV Asset Management reduced its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,560 shares of the insurance provider’s stock after selling 12,444 shares during the quarter. LSV Asset Management owned 0.25% of Reinsurance Group of America worth $31,233,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in Reinsurance Group of America by 44.3% in the first quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock valued at $43,554,000 after acquiring an additional 67,880 shares in the last quarter. Focus Partners Wealth increased its position in shares of Reinsurance Group of America by 121.2% in the 1st quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock worth $527,000 after purchasing an additional 1,466 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Reinsurance Group of America by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. Blair William & Co. IL acquired a new stake in shares of Reinsurance Group of America in the 2nd quarter valued at about $337,000. Finally, Callan Family Office LLC bought a new position in shares of Reinsurance Group of America during the second quarter worth about $202,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on RGA. Piper Sandler reaffirmed an “overweight” rating and set a $263.00 target price on shares of Reinsurance Group of America in a report on Friday, February 6th. Wells Fargo & Company upped their price target on Reinsurance Group of America from $237.00 to $238.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Barclays set a $245.00 target price on shares of Reinsurance Group of America and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Raymond James Financial cut shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $243.00.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $220.08 on Friday. The firm has a fifty day moving average of $203.42 and a 200-day moving average of $194.59. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 12.40 and a beta of 0.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.14. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $229.21.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, beating the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The firm had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same period last year, the firm posted $4.99 EPS. Reinsurance Group of America’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio is 20.96%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.