Reinsurance Group of America, Incorporated $RGA Stock Holdings Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 50.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 6,598 shares of the insurance provider’s stock after acquiring an additional 2,216 shares during the period. Sequoia Financial Advisors LLC’s holdings in Reinsurance Group of America were worth $1,347,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Securities Inc. raised its position in shares of Reinsurance Group of America by 3.6% during the fourth quarter. Principal Securities Inc. now owns 1,490 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 52 shares during the period. Rehmann Capital Advisory Group boosted its position in shares of Reinsurance Group of America by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 4,281 shares of the insurance provider’s stock valued at $819,000 after purchasing an additional 54 shares during the period. CIBC Private Wealth Group LLC increased its stake in Reinsurance Group of America by 6.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 974 shares of the insurance provider’s stock worth $198,000 after purchasing an additional 56 shares in the last quarter. Covestor Ltd increased its stake in Reinsurance Group of America by 12.2% in the 4th quarter. Covestor Ltd now owns 533 shares of the insurance provider’s stock worth $108,000 after purchasing an additional 58 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in 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 worth $76,000 after buying an additional 58 shares during the period. 95.11% of the stock is owned by institutional investors.

Insider Transactions at Reinsurance Group of America

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

Analyst Ratings Changes

A number of analysts have commented on the stock. Piper Sandler reduced 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 note on Monday, May 11th. UBS Group lifted their target price on shares of Reinsurance Group of America from $220.00 to $236.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. upped 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. Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $261.00 to $269.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Wednesday, May 13th. 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $255.50.

Reinsurance Group of America Stock Up 2.2%

Reinsurance Group of America stock opened at $239.36 on Friday. Reinsurance Group of America, Incorporated has a twelve month low of $165.52 and a twelve month high of $240.83. 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 firm has a market cap of $15.68 billion, a PE ratio of 12.97 and a beta of 0.47. The firm’s 50 day moving average price is $213.34 and its two-hundred day moving average price is $209.42.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) 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 company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter last year, the business posted $5.66 EPS. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 26.86 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a yield of 1.6%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 20.15%.

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.