Reinsurance Group of America, Incorporated $RGA Position Cut by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.9% during the third quarter, Holdings Channel.com reports. The firm owned 58,157 shares of the insurance provider’s stock after selling 2,376 shares during the quarter. Intech Investment Management LLC’s holdings in Reinsurance Group of America were worth $11,174,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of RGA. Goldman Sachs Group Inc. raised its position in shares of Reinsurance Group of America by 44.3% during the first quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock worth $43,554,000 after purchasing an additional 67,880 shares during the period. Focus Partners Wealth lifted its position in shares of Reinsurance Group of America by 121.2% in the first quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock worth $527,000 after purchasing an additional 1,466 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Reinsurance Group of America by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after buying an additional 58 shares during the period. Focus Partners Advisor Solutions LLC boosted its position in Reinsurance Group of America by 18.3% during the second quarter. Focus Partners Advisor Solutions LLC now owns 2,945 shares of the insurance provider’s stock valued at $584,000 after purchasing an additional 456 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in shares of Reinsurance Group of America in the 2nd quarter valued at approximately $375,000. Institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on RGA. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. 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 note on Monday, November 3rd. Morgan Stanley set a $208.00 price objective on Reinsurance Group of America in a research report on Monday, December 15th. Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $263.00 price objective on shares of Reinsurance Group of America in a research report on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.88.

Reinsurance Group of America Price Performance

NYSE:RGA opened at $220.37 on Friday. The stock has a market capitalization of $14.45 billion, a PE ratio of 12.42 and a beta of 0.53. The firm has a fifty day simple moving average of $207.18 and a 200 day simple moving average of $196.82. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $229.21. The company has a current ratio of 0.14, a quick ratio of 0.13 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, topping the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The business had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter in the previous year, the firm posted $4.99 EPS. Reinsurance Group of America’s revenue was up 26.6% compared to the same quarter last year. On average, research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio is currently 20.96%.

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.