Healthcare of Ontario Pension Plan Trust Fund Has $1.55 Million Holdings in Reinsurance Group of America, Incorporated $RGA

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 55.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,600 shares of the insurance provider’s stock after selling 9,521 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Reinsurance Group of America were worth $1,552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management purchased a new stake in shares of Reinsurance Group of America in the fourth quarter worth approximately $30,000. Tobam boosted its position 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 buying an additional 115 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Reinsurance Group of America during the fourth quarter valued at approximately $35,000. Entrust Financial LLC bought a new stake in Reinsurance Group of America during the fourth quarter worth $40,000. Finally, Advisory Services Network LLC bought a new stake in Reinsurance Group of America during the third quarter worth $38,000. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Price Performance

RGA opened at $237.47 on Friday. Reinsurance Group of America, Incorporated has a fifty-two week low of $165.52 and a fifty-two week high of $245.00. The firm has a 50-day moving average of $219.32 and a 200 day moving average of $212.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a market cap of $15.56 billion, a P/E ratio of 12.86 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 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 analyst estimates 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 in the previous year, the firm posted $5.66 earnings per share. On average, research analysts expect that Reinsurance Group of America, Incorporated will post 26.84 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.93 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.72 annualized dividend and a dividend yield of 1.6%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 20.15%.

Wall Street Analysts Forecast Growth

RGA has been the topic of several recent analyst reports. Evercore restated an “outperform” rating and set a $267.00 price objective on shares of Reinsurance Group of America in a research note on Monday, May 18th. JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $270.00 to $286.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. TD Cowen raised their price target on shares of Reinsurance Group of America from $212.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Barclays raised their price target on shares of Reinsurance Group of America from $268.00 to $278.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average price target of $255.00.

Insider Buying and Selling

In related news, EVP Ronald Herrmann sold 7,000 shares of Reinsurance Group of America 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 sale, the executive vice president owned 3,938 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, EVP John W. Hayden sold 414 shares of the company’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 completion of the transaction, the executive vice president owned 20,949 shares in the company, valued at approximately $4,502,987.55. The trade was a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

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.