Wedge Capital Management L L P NC Has $38.16 Million Stock Position in Reinsurance Group of America, Incorporated $RGA

Wedge Capital Management L L P NC raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 965.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 179,440 shares of the insurance provider’s stock after buying an additional 162,594 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Reinsurance Group of America were worth $38,158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in Reinsurance Group of America by 148.4% in the 4th quarter. AQR Capital Management LLC now owns 1,652,102 shares of the insurance provider’s stock worth $336,137,000 after purchasing an additional 987,014 shares during the period. Norges Bank acquired a new position in shares of Reinsurance Group of America during the fourth quarter worth about $173,767,000. Orion Porfolio Solutions LLC grew its holdings in shares of Reinsurance Group of America by 6,076.4% during the second quarter. Orion Porfolio Solutions LLC now owns 602,503 shares of the insurance provider’s stock worth $119,512,000 after buying an additional 592,748 shares in the last quarter. SEB Asset Management AB acquired a new stake in Reinsurance Group of America in the 1st quarter valued at approximately $81,533,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Reinsurance Group of America in the 2nd quarter valued at approximately $69,426,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 7,000 shares of the stock in a transaction 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 $829,264.04. This trade represents a 64.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John W. Hayden sold 414 shares of Reinsurance Group of America 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 sale, the executive vice president directly owned 20,949 shares of the company’s stock, valued at $4,502,987.55. This represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on RGA shares. UBS Group upgraded shares of Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Wells Fargo & Company increased their price objective on shares of Reinsurance Group of America from $261.00 to $269.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Barclays lifted their target price on Reinsurance Group of America from $278.00 to $290.00 and gave the company an “overweight” rating in a research report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Friday. Finally, TD Cowen increased their price objective on Reinsurance Group of America from $212.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America currently has an average rating of “Moderate Buy” and an average price target of $257.11.

Reinsurance Group of America Trading Up 1.0%

Shares of NYSE:RGA opened at $244.55 on Wednesday. Reinsurance Group of America, Incorporated has a 52-week low of $178.21 and a 52-week high of $248.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.14 and a current ratio of 0.14. The company has a market capitalization of $15.97 billion, a P/E ratio of 10.74 and a beta of 0.47. The company has a 50-day simple moving average of $224.17 and a 200 day simple moving average of $214.35.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $8.89 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.39. Reinsurance Group of America had a return on equity of 14.78% and a net margin of 5.81%.The firm had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.67 billion. During the same quarter in the previous year, the business earned $4.72 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. Sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 26.84 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a $0.98 dividend. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.93. The ex-dividend date is Tuesday, August 18th. This represents a $3.92 annualized dividend and a yield of 1.6%. Reinsurance Group of America’s dividend payout ratio is presently 16.34%.

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.