Entropy Technologies LP Sells 3,199 Shares of Reinsurance Group of America, Incorporated $RGA

Entropy Technologies LP reduced its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,000 shares of the insurance provider’s stock after selling 3,199 shares during the quarter. Entropy Technologies LP’s holdings in Reinsurance Group of America were worth $5,290,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RGA. Activest Wealth Management bought a new position in Reinsurance Group of America in the 4th quarter worth $30,000. International Assets Investment Management LLC bought a new position in Reinsurance Group of America in the 4th quarter worth $35,000. Advisory Services Network LLC bought a new stake in Reinsurance Group of America during the third quarter valued at about $38,000. Entrust Financial LLC bought a new stake in Reinsurance Group of America during the fourth quarter valued at about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Reinsurance Group of America by 632.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 205 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 177 shares during the period. 95.11% of the stock is owned by institutional investors.

Insider Transactions at Reinsurance Group of America

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the completion of the transaction, the executive vice president owned 3,938 shares in the company, valued at $829,264.04. The trade was a 64.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John W. Hayden sold 414 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the transaction, the executive vice president owned 20,949 shares of the company’s stock, valued at $4,502,987.55. This trade represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on RGA shares. Evercore reissued an “outperform” rating and set a $267.00 price target on shares of Reinsurance Group of America in a report on Monday, May 18th. Wells Fargo & Company raised their price target on Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Piper Sandler decreased their price target on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. UBS Group raised their price target on Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Seven equities 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.25.

Reinsurance Group of America Trading Up 2.2%

Shares of Reinsurance Group of America stock opened at $210.63 on Friday. The firm has a market cap of $13.80 billion, a price-to-earnings ratio of 11.41 and a beta of 0.47. The business has a 50-day moving average price of $208.20 and a 200-day moving average price of $205.62. 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, Incorporated has a twelve month low of $165.52 and a twelve month high of $229.21.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The business’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the business posted $5.66 earnings per share. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 26.88 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were given a dividend of $0.93 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.8%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 20.15%.

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.