Merit Financial Group LLC Decreases Position in Reinsurance Group of America, Incorporated $RGA

Merit Financial Group LLC reduced its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 37.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,351 shares of the insurance provider’s stock after selling 2,565 shares during the period. Merit Financial Group LLC’s holdings in Reinsurance Group of America were worth $836,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC grew its position in shares of Reinsurance Group of America by 82.4% in the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock valued at $26,000 after buying an additional 61 shares during the last quarter. Root Financial Partners LLC acquired a new position in Reinsurance Group of America in the third quarter valued at $33,000. LRI Investments LLC grew its holdings in shares of Reinsurance Group of America by 41.2% during the third quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 77 shares during the last quarter. IFP Advisors Inc increased its position 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 purchasing an additional 138 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in shares of Reinsurance Group of America in the 2nd quarter valued at about $57,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 0.3%

Shares of Reinsurance Group of America stock opened at $222.45 on Thursday. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of 12.53 and a beta of 0.53. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $229.21. The company’s 50-day simple moving average is $205.13 and its 200-day simple moving average is $195.33. The company has a quick ratio of 0.13, a current ratio of 0.14 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, beating analysts’ consensus estimates of $5.86 by $1.89. The company had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.99 EPS. As a group, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on RGA shares. Keefe, Bruyette & Woods cut their price target on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Morgan Stanley set a $208.00 price target on shares of Reinsurance Group of America in a research report on Monday, December 15th. Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Piper Sandler reiterated an “overweight” rating and set a $263.00 target price on shares of Reinsurance Group of America in a research note on Friday, February 6th. Finally, Wells Fargo & Company boosted their price target on 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. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $243.00.

About Reinsurance Group of America

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.