Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,837 shares of the insurance provider’s stock after selling 280 shares during the quarter. Diversified Trust Co’s holdings in Reinsurance Group of America were worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Insight Wealth Strategies LLC increased its position in Reinsurance Group of America by 23.8% in the fourth quarter. Insight Wealth Strategies LLC now owns 20,158 shares of the insurance provider’s stock worth $4,306,000 after buying an additional 3,873 shares during the period. Nordea Investment Management AB increased its holdings in shares of Reinsurance Group of America by 4.8% in the 4th quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock worth $19,232,000 after acquiring an additional 4,119 shares during the period. Everence Capital Management Inc. bought a new stake in Reinsurance Group of America in the 4th quarter valued at about $391,000. GAMMA Investing LLC boosted its stake in Reinsurance Group of America by 41.7% during the 4th quarter. GAMMA Investing LLC now owns 863 shares of the insurance provider’s stock valued at $184,000 after purchasing an additional 254 shares during the period. Finally, Versant Capital Management Inc boosted its position in Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 80 shares during the period. Institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RGA. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Piper Sandler boosted their price target on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. TD Cowen initiated coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective for the company. Wells Fargo & Company boosted their target price on Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Raymond James increased their price target on Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 24th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $228.31.

Reinsurance Group of America Price Performance

RGA stock opened at $216.44 on Friday. The firm has a 50-day moving average of $219.68 and a two-hundred day moving average of $215.26. The firm has a market capitalization of $14.26 billion, a PE ratio of 19.88 and a beta of 0.94. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. Reinsurance Group of America, Incorporated has a one year low of $163.81 and a one year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. During the same quarter last year, the business posted $5.57 EPS. The company’s revenue was up 9.7% on a year-over-year basis. On average, analysts forecast that Reinsurance Group of America, Incorporated will post 21.67 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s payout ratio is 32.69%.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.