Fiducient Advisors LLC Makes New $507,000 Investment in Reinsurance Group of America, Incorporated $RGA

Fiducient Advisors LLC bought a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA) in the 4th quarter, Holdings Channel reports. The institutional investor bought 2,490 shares of the insurance provider’s stock, valued at approximately $507,000.

Several other large investors have also made changes to their positions in the company. Rothschild Investment LLC increased its stake in Reinsurance Group of America by 151.5% in the fourth quarter. Rothschild Investment LLC now owns 1,851 shares of the insurance provider’s stock valued at $377,000 after acquiring an additional 1,115 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Reinsurance Group of America by 75.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the insurance provider’s stock valued at $207,000 after acquiring an additional 437 shares during the last quarter. Geode Capital Management LLC increased its stake in Reinsurance Group of America by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,341,364 shares of the insurance provider’s stock valued at $272,966,000 after acquiring an additional 12,682 shares during the last quarter. Harbour Investments Inc. increased its stake in Reinsurance Group of America by 233.8% in the fourth quarter. Harbour Investments Inc. now owns 731 shares of the insurance provider’s stock valued at $149,000 after acquiring an additional 512 shares during the last quarter. Finally, Clearstead Advisors LLC increased its stake in Reinsurance Group of America by 461.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,264 shares of the insurance provider’s stock valued at $257,000 after acquiring an additional 1,039 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 1.0%

RGA opened at $204.80 on Friday. 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 current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of 11.09 and a beta of 0.50. The company’s 50 day moving average price is $208.14 and its two-hundred day moving average price is $204.60.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, topping 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 firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period in the previous year, the firm posted $5.66 EPS. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, research analysts predict that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, May 19th. Reinsurance Group of America’s payout ratio is presently 20.15%.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP John W. Hayden sold 414 shares of the business’s 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 sale, the executive vice president directly owned 20,949 shares of the company’s stock, valued at $4,502,987.55. The trade was a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ronald Herrmann sold 7,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 3,938 shares in the company, valued at $829,264.04. The trade was a 64.00% 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.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Piper Sandler decreased their price objective on shares of Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Morgan Stanley upped their price objective on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company upped their price objective on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. UBS Group upped their price objective on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Finally, Barclays upped their price objective on shares of Reinsurance Group of America from $256.00 to $268.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Seven equities 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 stock. According to data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and an average target price of $251.25.

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.