Zions Bancorporation National Association UT Sells 6,051 Shares of Reinsurance Group of America, Incorporated $RGA

Zions Bancorporation National Association UT lessened its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 74.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,126 shares of the insurance provider’s stock after selling 6,051 shares during the period. Zions Bancorporation National Association UT’s holdings in Reinsurance Group of America were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in shares of Reinsurance Group of America by 44.3% in the first quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock worth $43,554,000 after buying an additional 67,880 shares in the last quarter. Focus Partners Wealth boosted its stake in Reinsurance Group of America by 121.2% in the first quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock worth $527,000 after buying an additional 1,466 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Reinsurance Group of America by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after acquiring an additional 58 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Reinsurance Group of America by 93.9% during the second quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock worth $57,000 after acquiring an additional 138 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Reinsurance Group of America during the second quarter worth approximately $388,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RGA has been the topic of several recent research reports. TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $237.00 to $238.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Morgan Stanley set a $208.00 target price on Reinsurance Group of America in a research note on Monday, December 15th. Finally, Piper Sandler restated an “overweight” rating and set a $263.00 price target on shares of Reinsurance Group of America in a research report on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Reinsurance Group of America Price Performance

RGA opened at $221.73 on Wednesday. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $229.21. The company has a market cap of $14.57 billion, a price-to-earnings ratio of 12.49 and a beta of 0.53. The stock has a fifty day simple moving average of $204.63 and a two-hundred day simple moving average of $195.13. The company has a current ratio of 0.14, a quick ratio of 0.13 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, topping analysts’ consensus estimates of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The business had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.25 billion. During the same quarter in the prior year, the company earned $4.99 earnings per share. The business’s revenue was up 26.6% compared to the same quarter last year. Research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Reinsurance Group of America’s payout ratio is 20.96%.

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.