Inceptionr LLC Has $1.20 Million Holdings in Reinsurance Group of America, Incorporated $RGA

Inceptionr LLC grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 203.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,874 shares of the insurance provider’s stock after purchasing an additional 3,936 shares during the quarter. Inceptionr LLC’s holdings in Reinsurance Group of America were worth $1,199,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management bought a new stake in shares of Reinsurance Group of America during the fourth quarter worth approximately $30,000. Tobam lifted 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 valued at $33,000 after buying an additional 115 shares during the period. International Assets Investment Management LLC bought a new position in Reinsurance Group of America in the fourth quarter valued at approximately $35,000. Advisory Services Network LLC bought a new position in Reinsurance Group of America in the third quarter valued at approximately $38,000. Finally, Entrust Financial LLC acquired a new stake in Reinsurance Group of America during the 4th quarter worth $40,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 0.3%

Shares of NYSE RGA opened at $234.63 on Friday. Reinsurance Group of America, Incorporated has a 52-week low of $165.52 and a 52-week high of $245.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a market cap of $15.37 billion, a P/E ratio of 12.71 and a beta of 0.47. The firm has a 50 day moving average price of $216.20 and a 200 day moving average price of $210.62.

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, topping the consensus estimate of $6.03 by $0.94. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period last year, the business posted $5.66 earnings per share. Analysts expect that Reinsurance Group of America, Incorporated will post 26.86 EPS for the current year.

Reinsurance Group of America Dividend Announcement

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

Insider Buying and Selling at Reinsurance Group of America

In related news, EVP John W. Hayden sold 414 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was 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. This trade represents a 1.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ronald Herrmann sold 7,000 shares of Reinsurance Group of America stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $210.58, for a total value of $1,474,060.00. Following the transaction, the executive vice president owned 3,938 shares in the company, valued at approximately $829,264.04. This represents a 64.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

RGA has been the subject of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of Reinsurance Group of America from $270.00 to $286.00 and gave the company an “overweight” rating in a research report on Tuesday. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $261.00 to $269.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Reinsurance Group of America in a report on Wednesday, May 13th. Finally, UBS Group increased their target price on Reinsurance Group of America from $220.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.00.

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.