Pacer Advisors Inc. Boosts Stock Position in Reinsurance Group of America, Incorporated $RGA

Pacer Advisors Inc. boosted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 511.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,355 shares of the insurance provider’s stock after purchasing an additional 10,333 shares during the period. Pacer Advisors Inc.’s holdings in Reinsurance Group of America were worth $2,374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Inspire Investing LLC increased its stake in shares of Reinsurance Group of America by 14.4% during the third quarter. Inspire Investing LLC now owns 11,330 shares of the insurance provider’s stock valued at $2,177,000 after buying an additional 1,430 shares during the period. Anderson Hoagland & Co. boosted its holdings in Reinsurance Group of America by 27.3% in the third quarter. Anderson Hoagland & Co. now owns 16,598 shares of the insurance provider’s stock valued at $3,189,000 after acquiring an additional 3,555 shares in the last quarter. Legacy Wealth Asset Management LLC purchased a new position in Reinsurance Group of America during the 3rd quarter valued at $427,000. Douglas Lane & Associates LLC boosted its position in Reinsurance Group of America by 1.6% during the 3rd quarter. Douglas Lane & Associates LLC now owns 550,190 shares of the insurance provider’s stock valued at $105,708,000 after acquiring an additional 8,814 shares in the last quarter. Finally, Trust Point Inc. grew its holdings in shares of Reinsurance Group of America by 16.1% during the 3rd quarter. Trust Point Inc. now owns 1,230 shares of the insurance provider’s stock worth $236,000 after acquiring an additional 171 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

NYSE:RGA opened at $205.04 on Wednesday. The firm has a market cap of $13.47 billion, a price-to-earnings ratio of 15.77 and a beta of 0.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.13 and a current ratio of 0.13. The firm’s fifty day moving average is $193.39 and its two-hundred day moving average is $192.79. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $232.97.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.57. The company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.02 billion. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $6.13 EPS. Research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were paid a $0.93 dividend. The ex-dividend date was Monday, November 10th. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. Reinsurance Group of America’s payout ratio is 28.62%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RGA. Piper Sandler increased their price target on shares of Reinsurance Group of America from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. Morgan Stanley set a $208.00 price objective on shares of Reinsurance Group of America in a research note on Monday, December 15th. Keefe, Bruyette & Woods cut their target price on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday. Finally, Raymond James Financial lowered shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and an average price target of $240.00.

Reinsurance Group of America 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.