Savant Capital LLC Sells 4,748 Shares of Reinsurance Group of America, Incorporated $RGA

Savant Capital LLC reduced its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 79.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,260 shares of the insurance provider’s stock after selling 4,748 shares during the period. Savant Capital LLC’s holdings in Reinsurance Group of America were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Orion Porfolio Solutions LLC increased its position in shares of Reinsurance Group of America by 6,076.4% during the second quarter. Orion Porfolio Solutions LLC now owns 602,503 shares of the insurance provider’s stock valued at $119,512,000 after buying an additional 592,748 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in shares of Reinsurance Group of America during the second quarter valued at about $69,426,000. American Century Companies Inc. increased its position in shares of Reinsurance Group of America by 15.9% during the third quarter. American Century Companies Inc. now owns 2,369,057 shares of the insurance provider’s stock valued at $455,167,000 after buying an additional 324,239 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Reinsurance Group of America during the third quarter valued at about $35,266,000. Finally, AQR Capital Management LLC increased its position in shares of Reinsurance Group of America by 29.6% during the second quarter. AQR Capital Management LLC now owns 799,675 shares of the insurance provider’s stock valued at $158,352,000 after buying an additional 182,729 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RGA has been the subject of several recent analyst reports. Evercore reissued an “outperform” rating and set a $267.00 price objective on shares of Reinsurance Group of America in a report on Monday, May 18th. Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Piper Sandler cut their price objective on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Morgan Stanley boosted their price objective on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $251.25.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $204.97 on Monday. The firm has a market cap of $13.43 billion, a PE ratio of 11.10 and a beta of 0.47. Reinsurance Group of America, Incorporated has a fifty-two week low of $165.52 and a fifty-two week high of $229.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. The business has a 50 day moving average price of $207.87 and a 200-day moving average price of $205.09.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The business’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.66 earnings per share. Equities research analysts predict that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a $0.93 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. Reinsurance Group of America’s dividend payout ratio is 20.15%.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP John W. Hayden sold 414 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the transaction, the executive vice president owned 20,949 shares in the company, valued at approximately $4,502,987.55. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ronald Herrmann sold 7,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total value of $1,474,060.00. Following the completion of the sale, the executive vice president directly owned 3,938 shares in the company, valued at approximately $829,264.04. This represents a 64.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by corporate insiders.

About Reinsurance Group of America

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.