Sivia Capital Partners LLC Makes New $675,000 Investment in Reinsurance Group of America, Incorporated $RGA

Sivia Capital Partners LLC bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,320 shares of the insurance provider’s stock, valued at approximately $675,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management acquired a new position in Reinsurance Group of America in the 4th quarter worth about $30,000. International Assets Investment Management LLC acquired a new position in Reinsurance Group of America in the 4th quarter worth about $35,000. Entrust Financial LLC acquired a new position in Reinsurance Group of America in the 4th quarter worth about $40,000. Advisory Services Network LLC acquired a new position in Reinsurance Group of America in the 3rd quarter worth about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Reinsurance Group of America by 632.1% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, EVP John W. Hayden sold 414 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total value of $88,989.30. Following the transaction, the executive vice president owned 20,949 shares in the company, valued at approximately $4,502,987.55. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ronald Herrmann sold 7,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by corporate insiders.

Reinsurance Group of America Stock Up 1.4%

Shares of NYSE:RGA opened at $197.90 on Friday. The business’s 50 day simple moving average is $207.85 and its two-hundred day simple moving average is $204.94. The firm has a market cap of $12.96 billion, a P/E ratio of 10.72 and a beta of 0.47. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. Reinsurance Group of America, Incorporated has a 52-week low of $165.52 and a 52-week high of $229.21.

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 (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.94. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.66 earnings per share. As a group, research analysts forecast that Reinsurance Group of America, Incorporated will post 26.88 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders 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 annualized dividend and a yield of 1.9%. Reinsurance Group of America’s dividend payout ratio is presently 20.15%.

Analysts Set New Price Targets

RGA has been the subject of a number of recent research reports. UBS Group upped their target price on Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Barclays increased their price target on Reinsurance Group of America from $256.00 to $268.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Wells Fargo & Company increased their price target on Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. increased their price target 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $251.25.

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.