Triasima Portfolio Management inc. Sells 1,100 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Triasima Portfolio Management inc. lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 48.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,190 shares of the insurance provider’s stock after selling 1,100 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Reinsurance Group of America were worth $234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Reinsurance Group of America by 38.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,783 shares of the insurance provider’s stock worth $1,729,000 after purchasing an additional 2,428 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Reinsurance Group of America by 13.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,901 shares of the insurance provider’s stock valued at $768,000 after acquiring an additional 452 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Reinsurance Group of America by 164.3% during the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 92 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Reinsurance Group of America by 1,265.2% in the first quarter. Asset Management One Co. Ltd. now owns 6,553 shares of the insurance provider’s stock worth $1,290,000 after purchasing an additional 6,073 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Reinsurance Group of America by 7.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 171,402 shares of the insurance provider’s stock worth $33,984,000 after buying an additional 12,217 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RGA. Raymond James Financial reaffirmed a “market perform” rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Morgan Stanley raised their price target on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods increased their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $249.00 target price (up from $248.00) on shares of Reinsurance Group of America in a research report on Thursday, July 10th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average price target of $245.00.

Reinsurance Group of America Price Performance

RGA opened at $193.94 on Thursday. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 16.37 and a beta of 0.62. The firm’s fifty day moving average price is $200.23 and its two-hundred day moving average price is $200.76.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the prior year, the firm posted $6.02 EPS. The firm’s quarterly revenue was down 17.0% compared to the same quarter last year. As a group, analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 30.04%.

About Reinsurance Group of America

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.