J. Safra Sarasin Holding AG Raises Stock Holdings in Reinsurance Group of America, Incorporated $RGA

J. Safra Sarasin Holding AG boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 212.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,159 shares of the insurance provider’s stock after purchasing an additional 42,936 shares during the period. J. Safra Sarasin Holding AG’s holdings in Reinsurance Group of America were worth $12,895,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 7,000 shares of the stock in a transaction that occurred 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 sale, 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 SEC, which is available through this hyperlink. Also, EVP John W. Hayden sold 414 shares of the business’s 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 transaction, the executive vice president owned 20,949 shares of the company’s stock, valued at $4,502,987.55. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RGA. Barclays increased their price objective on Reinsurance Group of America from $268.00 to $278.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Evercore reiterated an “outperform” rating and set a $267.00 price target on shares of Reinsurance Group of America in a research note on Monday, May 18th. Piper Sandler decreased their price objective on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Finally, UBS Group boosted their price objective on Reinsurance Group of America from $220.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus price target of $255.50.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $231.33 on Monday. The firm has a market capitalization of $15.16 billion, a P/E ratio of 12.53 and a beta of 0.47. Reinsurance Group of America, Incorporated has a one year low of $165.52 and a one year high of $232.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.14 and a quick ratio of 0.14. The business has a fifty day moving average price of $211.50 and a 200-day moving average price of $208.57.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.66 EPS. As a group, equities research analysts forecast 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 paid 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 yield of 1.6%. Reinsurance Group of America’s payout ratio is currently 20.15%.

Reinsurance Group of America Company 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.