Inceptionr LLC Buys 3,936 Shares of Reinsurance Group of America, Incorporated $RGA

Inceptionr LLC lifted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 203.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,874 shares of the insurance provider’s stock after buying an additional 3,936 shares during the period. Inceptionr LLC’s holdings in Reinsurance Group of America were worth $1,199,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Activest Wealth Management bought a new stake in Reinsurance Group of America in the fourth quarter valued at $30,000. Tobam lifted its holdings in shares of Reinsurance Group of America by 244.7% during the fourth quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 115 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at $35,000. Advisory Services Network LLC acquired a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at $38,000. Finally, Entrust Financial LLC bought a new stake in shares of Reinsurance Group of America in the 4th quarter worth about $40,000. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock opened at $234.63 on Friday. The stock has a 50-day simple moving average of $216.20 and a 200 day simple moving average of $210.62. 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 12-month low of $165.52 and a 12-month high of $245.00. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 12.71 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.66 EPS. On average, research analysts anticipate that Reinsurance Group of America, Incorporated will post 26.86 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced 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. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio is presently 20.15%.

Insider Activity at Reinsurance Group of America

In related news, EVP Ronald Herrmann sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $210.58, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John W. Hayden sold 414 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total value of $88,989.30. Following the transaction, the executive vice president directly owned 20,949 shares in the company, valued at approximately $4,502,987.55. This represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $261.00 to $269.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Barclays upped their price objective on shares of Reinsurance Group of America from $268.00 to $278.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $270.00 to $286.00 and gave the stock an “overweight” rating in a report on Tuesday. Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, UBS Group boosted their target price on Reinsurance Group of America from $220.00 to $236.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $255.00.

Reinsurance Group of America Company 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.