Triasima Portfolio Management inc. Purchases 308 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Triasima Portfolio Management inc. boosted its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,218 shares of the insurance provider’s stock after purchasing an additional 308 shares during the period. Triasima Portfolio Management inc.’s holdings in Reinsurance Group of America were worth $455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Earnest Partners LLC grew its holdings in shares of Reinsurance Group of America by 4.2% in the first quarter. Earnest Partners LLC now owns 2,577,901 shares of the insurance provider’s stock valued at $497,226,000 after acquiring an additional 104,256 shares in the last quarter. Nuance Investments LLC grew its stake in Reinsurance Group of America by 14.7% in the 4th quarter. Nuance Investments LLC now owns 1,114,060 shares of the insurance provider’s stock valued at $180,233,000 after purchasing an additional 142,627 shares during the period. Sei Investments Co. increased its position in shares of Reinsurance Group of America by 5.7% during the 1st quarter. Sei Investments Co. now owns 780,010 shares of the insurance provider’s stock valued at $150,448,000 after purchasing an additional 42,135 shares during the last quarter. Norges Bank bought a new stake in shares of Reinsurance Group of America during the 4th quarter worth $122,301,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Reinsurance Group of America by 2.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 584,137 shares of the insurance provider’s stock worth $112,668,000 after purchasing an additional 15,926 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RGA. StockNews.com downgraded shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Reinsurance Group of America from $208.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley dropped their price objective on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Raymond James raised their target price on Reinsurance Group of America from $212.00 to $228.00 and gave the stock a “strong-buy” rating in a research report on Friday, June 14th. Finally, Piper Sandler upped their price target on Reinsurance Group of America from $228.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $223.33.

Reinsurance Group of America Price Performance

NYSE RGA traded down $4.20 during trading hours on Friday, hitting $212.24. The company had a trading volume of 202,247 shares, compared to its average volume of 247,840. The firm has a 50 day simple moving average of $211.40 and a 200 day simple moving average of $200.59. Reinsurance Group of America, Incorporated has a 52 week low of $138.61 and a 52 week high of $227.87. The firm has a market capitalization of $13.98 billion, a price-to-earnings ratio of 16.49 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, beating the consensus estimate of $4.94 by $0.54. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.07 billion. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. During the same quarter in the previous year, the company earned $4.40 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 17.4% on a year-over-year basis. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 21.5 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a $0.89 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.56 annualized dividend and a dividend yield of 1.68%. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.85. Reinsurance Group of America’s dividend payout ratio is presently 27.66%.

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.