Reinsurance Group of America, Incorporated $RGA Shares Bought by WCM Investment Management LLC

WCM Investment Management LLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,830,620 shares of the insurance provider’s stock after buying an additional 82,681 shares during the quarter. WCM Investment Management LLC’s holdings in Reinsurance Group of America were worth $566,803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management purchased a new stake in shares of Reinsurance Group of America in the 4th quarter worth about $30,000. Tobam increased its holdings in Reinsurance Group of America by 244.7% during the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Reinsurance Group of America during the fourth quarter worth about $35,000. Advisory Services Network LLC acquired a new position in Reinsurance Group of America during the third quarter worth about $38,000. Finally, Entrust Financial LLC purchased a new stake in shares of Reinsurance Group of America in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP John W. Hayden sold 414 shares of Reinsurance Group of America stock in a transaction on Wednesday, May 20th. The shares were 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 of the company’s stock, valued at $4,502,987.55. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ronald Herrmann sold 7,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the sale, the executive vice president directly owned 3,938 shares of the company’s stock, valued at approximately $829,264.04. This represents a 64.00% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on RGA. Piper Sandler lowered their price target on shares of Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Evercore restated an “outperform” rating and set a $267.00 price objective on shares of Reinsurance Group of America in a research report on Monday, May 18th. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $264.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Barclays raised their price target on Reinsurance Group of America from $268.00 to $278.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus target price of $255.50.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $241.60 on Monday. The company has a market cap of $15.83 billion, a PE ratio of 13.09 and a beta of 0.47. Reinsurance Group of America, Incorporated has a 12 month low of $165.52 and a 12 month high of $244.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.14 and a quick ratio of 0.14. The company has a 50-day simple moving average of $213.97 and a 200-day simple moving average of $209.68.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.66 earnings per share. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 26.86 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders 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 annualized dividend and a dividend yield of 1.5%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 20.15%.

Reinsurance Group of America Company 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.