2,423 Shares in Reinsurance Group of America, Incorporated $RGA Purchased by Fieldview Capital Management LLC

Fieldview Capital Management LLC acquired a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,423 shares of the insurance provider’s stock, valued at approximately $493,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management acquired a new stake in Reinsurance Group of America during the fourth quarter worth about $30,000. International Assets Investment Management LLC acquired a new stake in Reinsurance Group of America during the fourth quarter worth about $35,000. Entrust Financial LLC acquired a new stake in Reinsurance Group of America during the fourth quarter worth about $40,000. Advisory Services Network LLC acquired a new stake in Reinsurance Group of America during the third quarter worth about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Reinsurance Group of America by 632.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 205 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 177 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

Shares of RGA opened at $210.27 on Tuesday. Reinsurance Group of America, Incorporated has a 1-year low of $165.52 and a 1-year high of $229.21. The stock has a market cap of $13.77 billion, a PE ratio of 11.39 and a beta of 0.47. The firm has a 50-day simple moving average of $208.30 and a two-hundred day simple moving average of $205.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.14 and a quick ratio of 0.14.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results 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. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period last year, the business earned $5.66 earnings per share. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. As a group, analysts forecast that Reinsurance Group of America, Incorporated will post 26.88 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors 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 dividend yield of 1.8%. Reinsurance Group of America’s payout ratio is 20.15%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RGA shares. Piper Sandler cut their price objective on shares of Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Weiss Ratings restated a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Wednesday, May 13th. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. UBS Group lifted their price target on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $251.25.

Insider Buying and Selling

In related news, EVP Ronald Herrmann sold 7,000 shares of Reinsurance Group of America stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $210.58, for a total value of $1,474,060.00. Following the completion of the transaction, the executive vice president owned 3,938 shares in the company, valued at approximately $829,264.04. The trade was a 64.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John W. Hayden sold 414 shares of Reinsurance Group of America stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total transaction of $88,989.30. Following the completion of the transaction, the executive vice president owned 20,949 shares of the company’s stock, valued at $4,502,987.55. This trade represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company’s stock.

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.