Axxcess Wealth Management LLC Purchases New Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Axxcess Wealth Management LLC purchased a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,347 shares of the insurance provider’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RGA. LSV Asset Management boosted its holdings in Reinsurance Group of America by 4.7% in the fourth quarter. LSV Asset Management now owns 280,030 shares of the insurance provider’s stock worth $45,303,000 after purchasing an additional 12,500 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Reinsurance Group of America by 1,545.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 576 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 541 shares during the last quarter. New York Life Investment Management LLC boosted its holdings in Reinsurance Group of America by 6.9% in the fourth quarter. New York Life Investment Management LLC now owns 7,555 shares of the insurance provider’s stock worth $1,222,000 after purchasing an additional 486 shares during the last quarter. Jackson Creek Investment Advisors LLC boosted its holdings in Reinsurance Group of America by 101.4% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 6,037 shares of the insurance provider’s stock worth $977,000 after purchasing an additional 3,040 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in Reinsurance Group of America in the fourth quarter worth approximately $224,000. 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, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the sale, the chief financial officer now directly owns 49,549 shares in the company, valued at approximately $9,061,521.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP William L. Hutton sold 1,908 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total value of $346,950.72. Following the sale, the executive vice president now directly owns 13,363 shares in the company, valued at approximately $2,429,927.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares in the company, valued at $9,061,521.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,462 shares of company stock worth $1,162,239. Insiders own 1.37% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $205.18 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.19. The company has a market cap of $13.50 billion, a P/E ratio of 15.94 and a beta of 0.88. The firm’s fifty day moving average is $188.90 and its two-hundred day moving average is $172.30. Reinsurance Group of America, Incorporated has a 52-week low of $135.07 and a 52-week high of $208.39.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.55 by $1.47. The company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. During the same period in the previous year, the firm posted $5.16 EPS. As a group, analysts anticipate that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $3.40 dividend on an annualized basis and a yield of 1.66%. Reinsurance Group of America’s dividend payout ratio is currently 26.42%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RGA shares. JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $189.00 to $195.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Keefe, Bruyette & Woods lifted their price target on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday. Morgan Stanley lifted their price target on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. UBS Group lifted their price target on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Piper Sandler lifted their price target on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.00.

About Reinsurance Group of America

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.