Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 437,417 shares of the insurance provider’s stock after acquiring an additional 102 shares during the quarter. Federated Hermes Inc.’s holdings in Reinsurance Group of America were worth $70,765,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of RGA. VisionPoint Advisory Group LLC raised its position in Reinsurance Group of America by 116.3% in the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 114 shares in the last quarter. Toth Financial Advisory Corp increased its holdings 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 period. Janiczek Wealth Management LLC grew its stake in shares of Reinsurance Group of America by 8,400.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 255 shares of the insurance provider’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Reinsurance Group of America by 59.1% in the 2nd quarter. Harbour Investments Inc. now owns 350 shares of the insurance provider’s stock valued at $49,000 after buying an additional 130 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Reinsurance Group of America by 47.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 368 shares of the insurance provider’s stock valued at $40,000 after buying an additional 119 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $212.00 price target on shares of Reinsurance Group of America in a research note on Friday, April 12th. Evercore ISI upped their target price on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley upped their target price on Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday. Wells Fargo & Company upped their target price on Reinsurance Group of America from $193.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Piper Sandler upped their target price on Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus target price of $194.38.

Insiders Place Their Bets

In other news, EVP William L. Hutton sold 1,908 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the sale, the executive vice president now owns 13,363 shares in the company, valued at $2,429,927.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $171.83, for a total value of $272,866.04. Following the transaction, the executive vice president now owns 13,625 shares in the company, valued at $2,341,183.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William L. Hutton sold 1,908 shares of the firm’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 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. Insiders sold 6,462 shares of company stock worth $1,162,239 over the last three months. 1.31% of the stock is currently owned by corporate insiders.

Reinsurance Group of America Stock Up 1.2 %

Shares of RGA stock opened at $182.40 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $133.13 and a 12 month high of $196.25. The firm has a market cap of $12.00 billion, a PE ratio of 13.58 and a beta of 0.89. The stock has a 50 day moving average of $181.96 and a 200-day moving average of $167.34. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.40 by $0.33. The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.57 billion. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.99 earnings per share. On average, equities analysts predict that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 annualized dividend and a yield of 1.86%. Reinsurance Group of America’s dividend payout ratio is currently 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.