Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $497,000 Investment in Reinsurance Group of America, Incorporated $RGA

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,442 shares of the insurance provider’s stock, valued at approximately $497,000.

Other large investors also recently bought and sold shares of the company. Activest Wealth Management purchased a new position in Reinsurance Group of America during the 4th quarter worth $30,000. Root Financial Partners LLC purchased a new position in Reinsurance Group of America during the 3rd quarter worth $33,000. International Assets Investment Management LLC purchased a new position in Reinsurance Group of America during the 4th quarter worth $35,000. Advisory Services Network LLC purchased a new position in Reinsurance Group of America during the 3rd quarter worth $38,000. Finally, Entrust Financial LLC acquired a new position in shares of Reinsurance Group of America during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RGA. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group upped their price target on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Piper Sandler lowered their price target on shares of Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $251.25.

Insider Transactions at Reinsurance Group of America

In related news, EVP John W. Hayden sold 414 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the sale, the executive vice president directly owned 20,949 shares of the company’s stock, valued at approximately $4,502,987.55. This represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ronald Herrmann sold 7,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the completion of the sale, the executive vice president directly owned 3,938 shares in the company, valued at approximately $829,264.04. The trade was a 64.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by corporate insiders.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $213.71 on Friday. The stock has a market cap of $14.00 billion, a price-to-earnings ratio of 11.58 and a beta of 0.50. Reinsurance Group of America, Incorporated has a 52 week low of $165.52 and a 52 week high of $229.21. The company’s 50-day moving average price is $207.68 and its 200 day moving average price is $203.86. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. The firm had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the company earned $5.66 EPS. As a group, research analysts forecast that Reinsurance Group of America, Incorporated will post 26.79 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be paid 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, May 19th. Reinsurance Group of America’s dividend payout ratio is presently 20.15%.

Reinsurance Group of America 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.