Royal Bank of Canada Purchases 9,038 Shares of Reinsurance Group of America, Incorporated $RGA

Royal Bank of Canada raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 14.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,386 shares of the insurance provider’s stock after acquiring an additional 9,038 shares during the quarter. Royal Bank of Canada’s holdings in Reinsurance Group of America were worth $14,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management bought a new stake in shares of Reinsurance Group of America in the 4th quarter worth approximately $30,000. Tobam raised 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 in the last quarter. International Assets Investment Management LLC purchased a new stake in Reinsurance Group of America in the fourth quarter worth $35,000. Entrust Financial LLC purchased a new stake in Reinsurance Group of America in the fourth quarter worth $40,000. Finally, Advisory Services Network LLC bought a new stake in Reinsurance Group of America in the third quarter valued at $38,000. 95.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RGA has been the subject of several research analyst reports. Piper Sandler lowered their price objective on shares of Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Evercore reiterated an “outperform” rating and set a $267.00 target price on shares of Reinsurance Group of America in a report on Monday, May 18th. JPMorgan Chase & Co. raised their target price on Reinsurance Group of America from $270.00 to $286.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Barclays upped their price target on Reinsurance Group of America from $278.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $256.33.

Insider Buying and Selling at Reinsurance Group of America

In related news, EVP John W. Hayden sold 414 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total transaction of $88,989.30. Following the sale, the executive vice president directly owned 20,949 shares of the company’s stock, valued at approximately $4,502,987.55. This represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ronald Herrmann sold 7,000 shares of Reinsurance Group of America stock in a transaction dated 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 directly owned 3,938 shares of the company’s stock, valued at $829,264.04. This trade represents a 64.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by company insiders.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $246.13 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. The stock has a market cap of $16.12 billion, a P/E ratio of 10.81 and a beta of 0.47. The business’s 50 day moving average price is $222.38 and its 200-day moving average price is $213.52. Reinsurance Group of America, Incorporated has a 52 week low of $178.21 and a 52 week high of $248.13.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, August 6th. The insurance provider reported $8.89 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.39. The company had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.67 billion. Reinsurance Group of America had a return on equity of 14.90% and a net margin of 5.81%.The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $4.72 EPS. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 26.84 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.98 per share. The ex-dividend date is Tuesday, August 18th. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.93. This represents a $3.92 annualized dividend and a dividend yield of 1.6%. Reinsurance Group of America’s dividend payout ratio is 20.15%.

Reinsurance Group of America News Summary

Here are the key news stories impacting Reinsurance Group of America this week:

• Positive Sentiment: Significant earnings beat: RGA reported second-quarter earnings of $8.89 per share, well above the roughly $6.50 analyst consensus and up from $4.72 a year earlier. The result was supported by stronger premiums, investment income and growth in the Financial Solutions business. RGA Q2 Earnings Beat Estimates on Higher Premiums, Investment Income
• Positive Sentiment: Strong operating growth: Quarterly revenue reached $6.64 billion, an 18.5% year-over-year increase. Although revenue was modestly below the $6.67 billion consensus, the substantial profit improvement and record quarterly result appear to have outweighed that small shortfall. Reinsurance Group Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Dividend raised: The company increased its quarterly dividend by 5.4% to $0.98 per share, reinforcing the income appeal of the stock and signaling management’s confidence in cash-generation capacity. Reinsurance Group of America Raises Dividend by 5.4%
• Neutral Sentiment: Broader market support: RGA’s advance also occurred as the S&P 500 and other large-cap stocks gained, suggesting that general market sentiment contributed to the move alongside company-specific earnings news. Why Did RGA Climb as S&P 500 Firms Rose?
• Negative Sentiment: Expense pressure remains: Higher expenses partly offset the benefit of stronger premiums and investment income, while the slight revenue miss gives investors a reason to monitor margins and the sustainability of recent earnings gains.

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.