Livforsakringsbolaget Skandia Omsesidigt Increases Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Livforsakringsbolaget Skandia Omsesidigt lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 10.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,400 shares of the insurance provider’s stock after purchasing an additional 2,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Reinsurance Group of America were worth $5,592,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management acquired a new position in Reinsurance Group of America in the 4th quarter valued at about $30,000. Tobam grew its stake in shares of Reinsurance Group of America by 244.7% in the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after buying an additional 115 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Reinsurance Group of America during the 4th quarter worth approximately $35,000. Entrust Financial LLC acquired a new stake in shares of Reinsurance Group of America during the 4th quarter worth approximately $40,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $38,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $233.94 on Wednesday. The firm’s 50 day moving average price is $212.43 and its 200-day moving average price is $208.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. Reinsurance Group of America, Incorporated has a one year low of $165.52 and a one year high of $238.91. The firm has a market cap of $15.33 billion, a P/E ratio of 12.67 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, beating the consensus estimate of $6.03 by $0.94. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 23.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.66 EPS. As a group, equities research analysts predict that Reinsurance Group of America, Incorporated will post 26.86 EPS for the current year.

Reinsurance Group of America Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on RGA. Wells Fargo & Company upped their price objective on Reinsurance Group of America from $261.00 to $269.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Barclays raised their target price on Reinsurance Group of America from $268.00 to $278.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. UBS Group lifted their target price on Reinsurance Group of America from $220.00 to $236.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Piper Sandler decreased their price target on 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Reinsurance Group of America in a report on Wednesday, May 13th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $255.50.

Insiders Place Their Bets

In other news, EVP John W. Hayden sold 414 shares of Reinsurance Group of America stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total value 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. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 owned 3,938 shares in the company, valued at $829,264.04. This represents a 64.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

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.