Burney Co. Has $12.83 Million Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Burney Co. decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,696 shares of the insurance provider’s stock after selling 845 shares during the quarter. Burney Co. owned 0.10% of Reinsurance Group of America worth $12,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in RGA. Cornerstone Planning Group LLC increased its holdings in shares of Reinsurance Group of America by 224.1% in the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 121 shares in the last quarter. TCTC Holdings LLC boosted its position in Reinsurance Group of America by 107.2% during the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 89 shares during the last quarter. Headlands Technologies LLC boosted its position in Reinsurance Group of America by 357.1% during the first quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 175 shares during the last quarter. SouthState Corp acquired a new stake in shares of Reinsurance Group of America in the first quarter valued at approximately $48,000. Finally, Oakworth Capital Inc. lifted its position in shares of Reinsurance Group of America by 32.4% in the second quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock valued at $49,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RGA shares. Wells Fargo & Company dropped their price target on Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating for the company in a report on Monday, August 4th. JPMorgan Chase & Co. lifted their price target on 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. Raymond James Financial lowered Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Finally, Piper Sandler reissued an “overweight” rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $241.56.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $183.02 on Monday. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 15.89 and a beta of 0.60. The stock has a fifty day simple moving average of $191.44 and a two-hundred day simple moving average of $194.08. 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 current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the prior year, the business posted $6.13 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th will be issued a $0.93 dividend. The ex-dividend date is Monday, November 10th. This represents a $3.72 annualized dividend and a dividend yield of 2.0%. Reinsurance Group of America’s payout ratio is currently 28.62%.

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.