Handelsinvest Investeringsforvaltning Trims Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Handelsinvest Investeringsforvaltning trimmed its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 34.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,505 shares of the insurance provider’s stock after selling 782 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Reinsurance Group of America were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of RGA. Lindbrook Capital LLC raised its stake in shares of Reinsurance Group of America by 129.9% during the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after buying an additional 87 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in Reinsurance Group of America in the fourth quarter valued at $26,000. Rise Advisors LLC purchased a new stake in shares of Reinsurance Group of America during the 1st quarter worth $29,000. VisionPoint Advisory Group LLC boosted its position in shares of Reinsurance Group of America by 116.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. Finally, Toth Financial Advisory Corp increased its holdings in shares of Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 0.5 %

RGA stock traded down $1.04 during midday trading on Wednesday, hitting $204.78. The stock had a trading volume of 5,894 shares, compared to its average volume of 348,585. The company’s 50-day moving average price is $204.22 and its 200 day moving average price is $185.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market cap of $13.47 billion, a PE ratio of 15.99 and a beta of 0.92. Reinsurance Group of America, Incorporated has a 12-month low of $135.07 and a 12-month high of $213.21.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, beating the consensus estimate of $4.55 by $1.47. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter in the previous year, the business earned $5.16 EPS. On average, equities research analysts predict that Reinsurance Group of America, Incorporated will post 20.94 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.40 annualized dividend and a yield of 1.66%. Reinsurance Group of America’s dividend payout ratio is presently 26.42%.

Insider Transactions at Reinsurance Group of America

In related news, EVP John W. Hayden sold 1,767 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total value of $365,503.95. Following the transaction, the executive vice president now owns 16,490 shares in the company, valued at $3,410,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Raymond James upped their target price on shares of Reinsurance Group of America from $212.00 to $228.00 and gave the stock a “strong-buy” rating in a research report on Friday, June 14th. UBS Group lifted their price objective on Reinsurance Group of America from $223.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Morgan Stanley raised their price target on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $225.00 price objective on shares of Reinsurance Group of America in a research note on Friday, June 14th. Finally, Piper Sandler lifted their target price on shares of Reinsurance Group of America from $228.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $221.18.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.