Impact Investors Inc Sells 2,716 Shares of Reinsurance Group of America, Incorporated $RGA

Impact Investors Inc trimmed its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 66.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,384 shares of the insurance provider’s stock after selling 2,716 shares during the quarter. Impact Investors Inc’s holdings in Reinsurance Group of America were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. boosted its position in shares of Reinsurance Group of America by 3.6% during the 4th quarter. Principal Securities Inc. now owns 1,490 shares of the insurance provider’s stock valued at $303,000 after acquiring an additional 52 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of Reinsurance Group of America by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 4,281 shares of the insurance provider’s stock worth $819,000 after purchasing an additional 54 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Reinsurance Group of America by 6.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 974 shares of the insurance provider’s stock worth $198,000 after purchasing an additional 56 shares during the last quarter. Covestor Ltd increased its position in shares of Reinsurance Group of America by 12.2% in the fourth quarter. Covestor Ltd now owns 533 shares of the insurance provider’s stock worth $108,000 after purchasing an additional 58 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Reinsurance Group of America by 17.6% in the first 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. 95.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 7,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $210.58, for a total value of $1,474,060.00. Following the completion of the sale, the executive vice president directly owned 3,938 shares of the company’s stock, valued at $829,264.04. The trade was a 64.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John W. Hayden sold 414 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total transaction of $88,989.30. Following the sale, the executive vice president owned 20,949 shares of the company’s stock, valued at approximately $4,502,987.55. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by company insiders.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $227.87 on Thursday. The stock’s 50-day moving average is $210.62 and its 200 day moving average is $208.22. The stock has a market cap of $14.93 billion, a price-to-earnings ratio of 12.34 and a beta of 0.47. Reinsurance Group of America, Incorporated has a 1-year low of $165.52 and a 1-year high of $232.75. 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 earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.94. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.Reinsurance Group of America’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.66 earnings per share. On average, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 26.86 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.72 annualized dividend and a dividend yield of 1.6%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 20.15%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RGA shares. Evercore reiterated an “outperform” rating and set a $267.00 target price on shares of Reinsurance Group of America in a research report on Monday, May 18th. Barclays increased their price target on shares of Reinsurance Group of America from $268.00 to $278.00 and gave the stock an “overweight” rating in a report on Tuesday. Piper Sandler lowered their price objective on shares of Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $254.50.

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.