Algebris UK Ltd. Decreases Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Algebris UK Ltd. cut its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 22.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,505 shares of the insurance provider’s stock after selling 12,487 shares during the period. Algebris UK Ltd.’s holdings in Reinsurance Group of America were worth $8,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RGA. Millstone Evans Group LLC raised its position in Reinsurance Group of America by 82.4% during the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 61 shares during the period. Activest Wealth Management purchased a new stake in Reinsurance Group of America during the fourth quarter valued at approximately $30,000. Root Financial Partners LLC purchased a new stake in shares of Reinsurance Group of America in the third quarter worth approximately $33,000. International Assets Investment Management LLC purchased a new stake in shares of Reinsurance Group of America in the fourth quarter worth approximately $35,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Reinsurance Group of America in the third quarter worth approximately $38,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 7,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the transaction, the executive vice president owned 3,938 shares of the company’s stock, valued at approximately $829,264.04. This trade represents a 64.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

RGA has been the topic of several recent analyst reports. Barclays raised their price target on shares of Reinsurance Group of America from $256.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $251.25.

Reinsurance Group of America Trading Up 1.8%

RGA opened at $214.02 on Thursday. The stock’s fifty day moving average is $207.36 and its two-hundred day moving average is $203.56. The company has a market capitalization of $14.02 billion, a P/E ratio of 11.59 and a beta of 0.50. Reinsurance Group of America, Incorporated has a 52 week low of $165.52 and a 52 week high of $229.21. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.66 EPS. Analysts forecast that Reinsurance Group of America, Incorporated will post 26.39 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a yield of 1.7%. Reinsurance Group of America’s dividend payout ratio (DPR) is 20.15%.

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.