Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV reduced its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 13.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,041 shares of the insurance provider’s stock after selling 606 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Reinsurance Group of America were worth $829,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Lindbrook Capital LLC boosted its holdings in shares of Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 87 shares during the last quarter. Pineridge Advisors LLC acquired a new position in shares of Reinsurance Group of America during the 4th quarter valued at about $26,000. New Covenant Trust Company N.A. purchased a new position in shares of Reinsurance Group of America during the 1st quarter worth about $28,000. Rise Advisors LLC purchased a new stake in Reinsurance Group of America in the first quarter valued at approximately $29,000. Finally, LRI Investments LLC acquired a new position in Reinsurance Group of America during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insider Buying and Selling at Reinsurance Group of America

In other news, EVP John W. Hayden sold 1,767 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total value of $365,503.95. Following the sale, the executive vice president now owns 16,490 shares in the company, valued at approximately $3,410,956.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RGA has been the subject of several research reports. Raymond James boosted their price objective on shares of Reinsurance Group of America from $212.00 to $228.00 and gave the company a “strong-buy” rating in a research note on Friday, June 14th. Evercore ISI upped their price target on Reinsurance Group of America from $225.00 to $241.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 26th. Piper Sandler lifted their price objective on Reinsurance Group of America from $228.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $208.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Citigroup lifted their price target on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Two equities research 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. Based on data from MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average target price of $217.64.

Reinsurance Group of America Stock Up 2.6 %

RGA stock traded up $4.96 during trading on Tuesday, reaching $197.58. The stock had a trading volume of 665,227 shares, compared to its average volume of 377,185. The firm has a fifty day moving average price of $209.45 and a 200 day moving average price of $193.95. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $13.00 billion, a P/E ratio of 15.31 and a beta of 0.92. Reinsurance Group of America, Incorporated has a 1-year low of $135.07 and a 1-year high of $227.87.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 16.23% and a net margin of 4.01%. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the firm earned $4.40 EPS. Reinsurance Group of America’s quarterly revenue was up 17.4% on a year-over-year basis. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 21.24 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th will be issued a $0.89 dividend. The ex-dividend date is Friday, August 9th. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a yield of 1.80%. Reinsurance Group of America’s dividend payout ratio is currently 26.42%.

Reinsurance Group of America 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.