Inspire Investing LLC Acquires 2,420 Shares of Reinsurance Group of America, Incorporated $RGA

Inspire Investing LLC raised its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,160 shares of the insurance provider’s stock after acquiring an additional 2,420 shares during the quarter. Inspire Investing LLC’s holdings in Reinsurance Group of America were worth $3,503,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Activest Wealth Management bought a new position in shares of Reinsurance Group of America during the 4th quarter valued at $30,000. Tobam boosted its holdings in Reinsurance Group of America by 244.7% in the fourth quarter. Tobam now owns 162 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Reinsurance Group of America in the fourth quarter worth $35,000. Entrust Financial LLC acquired a new position in Reinsurance Group of America during the fourth quarter worth $40,000. Finally, Advisory Services Network LLC bought a new position in Reinsurance Group of America during the third quarter valued at about $38,000. 95.11% of the stock is owned by institutional investors.

Insider Buying and Selling at Reinsurance Group of America

In related news, EVP Ronald Herrmann sold 7,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president directly owned 3,938 shares in the company, valued at $829,264.04. This represents a 64.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John W. Hayden sold 414 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total transaction of $88,989.30. Following the completion of the sale, the executive vice president directly owned 20,949 shares of the company’s stock, valued at approximately $4,502,987.55. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RGA has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Wednesday, May 13th. UBS Group raised their price objective on Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Barclays boosted their target price on Reinsurance Group of America from $256.00 to $268.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Morgan Stanley upped their target price on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, Evercore reissued an “outperform” rating and issued a $267.00 price target on shares of Reinsurance Group of America in a research report on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $251.25.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $214.48 on Tuesday. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 11.62 and a beta of 0.47. The business has a 50 day moving average price of $208.95 and a 200 day moving average price of $207.27. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a twelve month low of $165.52 and a twelve month high of $229.21.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping the consensus estimate of $6.03 by $0.94. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the business posted $5.66 EPS. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. Research analysts predict that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a yield of 1.7%. Reinsurance Group of America’s payout ratio is 20.15%.

About Reinsurance Group of America

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.