Criterion Capital Advisors LLC Sells 12,828 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Criterion Capital Advisors LLC lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 95.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 555 shares of the insurance provider’s stock after selling 12,828 shares during the period. Criterion Capital Advisors LLC’s holdings in Reinsurance Group of America were worth $107,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RGA. Norges Bank purchased a new stake in Reinsurance Group of America during the 4th quarter valued at $122,301,000. Junto Capital Management LP purchased a new stake in Reinsurance Group of America during the 4th quarter valued at $92,083,000. Balyasny Asset Management L.P. purchased a new stake in Reinsurance Group of America during the 4th quarter valued at $67,177,000. Adage Capital Partners GP L.L.C. boosted its stake in Reinsurance Group of America by 966.7% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 320,000 shares of the insurance provider’s stock valued at $46,461,000 after purchasing an additional 290,000 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in Reinsurance Group of America by 1,965.4% during the 4th quarter. Corient Private Wealth LLC now owns 298,352 shares of the insurance provider’s stock valued at $48,267,000 after purchasing an additional 283,907 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

NYSE:RGA traded down $0.84 on Friday, reaching $205.27. 515,261 shares of the company’s stock traded hands, compared to its average volume of 303,664. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.46. The stock has a 50-day simple moving average of $203.58 and a 200-day simple moving average of $184.79. The firm has a market cap of $13.50 billion, a PE ratio of 15.95 and a beta of 0.92. Reinsurance Group of America, Incorporated has a 12 month low of $135.07 and a 12 month high of $213.21.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.55 by $1.47. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. The firm had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the previous year, the firm posted $5.16 earnings per share. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 20.94 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were issued a $0.85 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.40 annualized dividend and a dividend yield of 1.66%. Reinsurance Group of America’s dividend payout ratio (DPR) is 26.42%.

Insider Transactions at Reinsurance Group of America

In other news, EVP John W. Hayden sold 1,767 shares of Reinsurance Group of America stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total value of $365,503.95. Following the sale, the executive vice president now directly owns 16,490 shares of the company’s stock, valued at $3,410,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on RGA shares. Wells Fargo & Company increased their target price on Reinsurance Group of America from $210.00 to $227.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Raymond James raised their price target on Reinsurance Group of America from $212.00 to $228.00 and gave the stock a “strong-buy” rating in a research note on Friday, June 14th. Royal Bank of Canada restated an “outperform” rating and issued a $225.00 price target on shares of Reinsurance Group of America in a research note on Friday, June 14th. JPMorgan Chase & Co. lifted their target price on Reinsurance Group of America from $189.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Morgan Stanley lifted their target price on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Reinsurance Group of America Company Profile

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.