Dimensional Fund Advisors LP Buys 15,372 Shares of Reinsurance Group of America, Incorporated $RGA

Dimensional Fund Advisors LP lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,114,998 shares of the insurance provider’s stock after purchasing an additional 15,372 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Reinsurance Group of America were worth $227,624,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. SG Americas Securities LLC increased its holdings in shares of Reinsurance Group of America by 26.5% in the first quarter. SG Americas Securities LLC now owns 89,847 shares of the insurance provider’s stock valued at $18,343,000 after purchasing an additional 18,826 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Reinsurance Group of America by 34.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,293 shares of the insurance provider’s stock worth $4,332,000 after purchasing an additional 5,500 shares during the period. Tudor Investment Corp ET AL boosted its position in Reinsurance Group of America by 616.3% in the third quarter. Tudor Investment Corp ET AL now owns 60,870 shares of the insurance provider’s stock valued at $11,695,000 after buying an additional 52,372 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Reinsurance Group of America by 8,703.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 50,974 shares of the insurance provider’s stock valued at $10,371,000 after acquiring an additional 50,395 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Reinsurance Group of America by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,341,364 shares of the insurance provider’s stock valued at $272,966,000 after purchasing an additional 12,682 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

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 transaction, the executive vice president owned 3,938 shares in the company, 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 is accessible through 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 transaction 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 trade represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on RGA. UBS Group upped their price target 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. Barclays boosted their price target on Reinsurance Group of America from $268.00 to $278.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Piper Sandler decreased their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. 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. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average target price of $255.00.

Reinsurance Group of America Trading Down 0.3%

RGA opened at $234.63 on Friday. The business has a fifty day moving average price of $216.20 and a 200 day moving average price of $210.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.14 and a quick ratio of 0.14. 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 posted its quarterly earnings results 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 company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.Reinsurance Group of America’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the firm earned $5.66 earnings per share. Sell-side analysts expect that Reinsurance Group of America, Incorporated will post 26.86 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently announced 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 is 20.15%.

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.