Knights of Columbus Asset Advisors LLC Acquires 24,702 Shares of Reinsurance Group of America, Incorporated $RGA

Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 24,702 shares of the insurance provider’s stock, valued at approximately $6,083,000.

A number of other hedge funds have also recently bought and sold shares of the company. Greenleaf Trust raised its holdings in shares of Reinsurance Group of America by 2.4% in the second quarter. Greenleaf Trust now owns 1,811 shares of the insurance provider’s stock valued at $385,000 after purchasing an additional 42 shares during the last quarter. Paulson Wealth Management Inc. lifted its position in shares of Reinsurance Group of America by 2.8% during the third quarter. Paulson Wealth Management Inc. now owns 1,542 shares of the insurance provider’s stock valued at $380,000 after purchasing an additional 42 shares in the last quarter. North Dakota State Investment Board lifted its position in shares of Reinsurance Group of America by 2.2% during the third quarter. North Dakota State Investment Board now owns 2,005 shares of the insurance provider’s stock valued at $494,000 after purchasing an additional 44 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in shares of Reinsurance Group of America by 9.5% during the second quarter. Elevation Wealth Partners LLC now owns 702 shares of the insurance provider’s stock valued at $149,000 after purchasing an additional 61 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Reinsurance Group of America by 5.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,555 shares of the insurance provider’s stock worth $331,000 after purchasing an additional 76 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Trading Up 2.6%

Shares of Reinsurance Group of America stock opened at $273.72 on Wednesday. The firm has a market cap of $17.81 billion, a PE ratio of 10.58 and a beta of 0.43. Reinsurance Group of America, Incorporated has a 1 year low of $182.73 and a 1 year high of $275.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.16 and a quick ratio of 0.14. The stock has a fifty day moving average price of $256.14 and a 200-day moving average price of $227.08.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, November 5th. The insurance provider reported $8.49 earnings per share for the quarter, topping analysts’ consensus estimates of $6.97 by $1.52. The company had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $6.69 billion. Reinsurance Group of America had a net margin of 6.26% and a return on equity of 16.18%. During the same period in the previous year, the firm earned $6.37 EPS. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 29.78 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be given a $0.98 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $3.92 annualized dividend and a yield of 1.4%. Reinsurance Group of America’s payout ratio is currently 15.15%.

Analyst Ratings Changes

A number of brokerages have issued reports on RGA. Morgan Stanley raised shares of Reinsurance Group of America from an “equal weight” rating to an “overweight” rating and set a $295.00 price objective for the company in a research report on Monday, September 28th. JPMorgan Chase & Co. lifted their target price on shares of Reinsurance Group of America from $293.00 to $297.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Barclays set a $292.00 target price on shares of Reinsurance Group of America in a research report on Thursday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, November 4th. Finally, UBS Group upgraded Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $278.62.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated (RGA) is a global life and health reinsurer. It works with insurance companies to help them manage risks and support the development and distribution of insurance products. Its services include life and health reinsurance, as well as solutions involving longevity risk and asset-intensive reinsurance. RGA also provides underwriting expertise, data and analytics, and product and risk-management support to its clients. Founded in 1973, RGA serves clients across North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.