Wilmington Savings Fund Society FSB Takes $293,000 Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,346 shares of the insurance provider’s stock, valued at approximately $293,000.

Other large investors have also recently modified their holdings of the company. WCM Investment Management LLC raised its holdings in shares of Reinsurance Group of America by 1,208.5% during the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock valued at $527,742,000 after buying an additional 2,260,605 shares in the last quarter. Zurich Insurance Group Ltd FI raised its holdings in shares of Reinsurance Group of America by 681.8% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider’s stock valued at $104,244,000 after buying an additional 442,883 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Reinsurance Group of America by 43.8% during the 2nd quarter. Millennium Management LLC now owns 437,266 shares of the insurance provider’s stock valued at $89,758,000 after buying an additional 133,212 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Reinsurance Group of America during the 3rd quarter valued at about $11,803,000. Finally, Earnest Partners LLC raised its holdings in shares of Reinsurance Group of America by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider’s stock valued at $539,476,000 after buying an additional 50,228 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of RGA stock opened at $209.22 on Wednesday. The firm has a market cap of $13.78 billion, a P/E ratio of 19.21 and a beta of 0.93. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.82 and a fifty-two week high of $233.81. The business’s 50 day moving average price is $220.13 and its 200-day moving average price is $214.33. The company has a debt-to-equity ratio of 0.45, 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, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $5.57 EPS. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a $0.89 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.70%. Reinsurance Group of America’s dividend payout ratio is currently 32.69%.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the sale, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. This trade represents a 8.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, October 3rd. TD Cowen initiated coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They set a “hold” rating and a $235.00 price objective on the stock. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Finally, Piper Sandler lifted their price target on Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average target price of $227.77.

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.