Louisiana State Employees Retirement System Makes New Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

Louisiana State Employees Retirement System purchased a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,500 shares of the insurance provider’s stock, valued at approximately $2,993,000.

Several other large investors also recently bought and sold shares of RGA. CIBC Asset Management Inc grew its stake in shares of Reinsurance Group of America by 3.3% in the 1st quarter. CIBC Asset Management Inc now owns 2,183 shares of the insurance provider’s stock valued at $290,000 after purchasing an additional 70 shares during the last quarter. Toth Financial Advisory Corp grew its stake in shares of Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 70 shares during the last quarter. Integrated Investment Consultants LLC grew its stake in shares of Reinsurance Group of America by 2.0% in the 3rd quarter. Integrated Investment Consultants LLC now owns 3,830 shares of the insurance provider’s stock valued at $556,000 after purchasing an additional 76 shares during the last quarter. Tectonic Advisors LLC grew its stake in shares of Reinsurance Group of America by 4.3% in the 4th quarter. Tectonic Advisors LLC now owns 1,979 shares of the insurance provider’s stock valued at $320,000 after purchasing an additional 82 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Reinsurance Group of America by 2.5% in the 2nd quarter. Captrust Financial Advisors now owns 3,820 shares of the insurance provider’s stock valued at $448,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the completion of the sale, the executive vice president now owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares in the company, valued at $9,061,521.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP William L. Hutton sold 1,908 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the transaction, the executive vice president now owns 13,363 shares in the company, valued at approximately $2,429,927.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,462 shares of company stock valued at $1,162,239. Company insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RGA shares. Morgan Stanley lifted their price target on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler lifted their price target on Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Royal Bank of Canada restated an “outperform” rating and issued a $212.00 price target on shares of Reinsurance Group of America in a research note on Friday. Finally, Keefe, Bruyette & Woods lifted their price target on Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average target price of $194.38.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock opened at $181.69 on Tuesday. The firm has a market capitalization of $11.95 billion, a P/E ratio of 13.53 and a beta of 0.89. The stock has a fifty day moving average price of $181.17 and a 200 day moving average price of $166.89. Reinsurance Group of America, Incorporated has a 52 week low of $133.13 and a 52 week high of $196.25. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, beating the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period in the prior year, the firm posted $2.99 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 19.46 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Monday, February 12th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 25.32%.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.