Counterpoint Mutual Funds LLC Invests $571,000 in Reinsurance Group of America, Incorporated $RGA

Counterpoint Mutual Funds LLC acquired a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the first quarter, HoldingsChannel.com reports. The fund acquired 2,799 shares of the insurance provider’s stock, valued at approximately $571,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RGA. Goldman Sachs Group Inc. raised its stake in shares of Reinsurance Group of America by 44.3% in the first quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock worth $43,554,000 after buying an additional 67,880 shares during the period. Focus Partners Wealth grew its stake in shares of Reinsurance Group of America by 121.2% during the 1st quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock valued at $527,000 after acquiring an additional 1,466 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Reinsurance Group of America by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after acquiring an additional 58 shares during the period. Gabelli Funds LLC bought a new position in shares of Reinsurance Group of America during the 2nd quarter valued at approximately $1,006,000. Finally, Cerity Partners LLC increased its holdings in Reinsurance Group of America by 15.5% in the 2nd quarter. Cerity Partners LLC now owns 33,716 shares of the insurance provider’s stock worth $6,688,000 after acquiring an additional 4,527 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP John W. Hayden sold 414 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total transaction of $88,989.30. Following the completion of the transaction, the executive vice president directly owned 20,949 shares in the company, valued at approximately $4,502,987.55. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ronald Herrmann sold 7,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the completion of the transaction, the executive vice president directly owned 3,938 shares of the company’s stock, valued at approximately $829,264.04. This trade represents a 64.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Reinsurance Group of America Price Performance

RGA stock opened at $220.69 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. The company’s fifty day moving average price is $209.54 and its 200-day moving average price is $207.68. Reinsurance Group of America, Incorporated has a one year low of $165.52 and a one year high of $229.21. The company has a market capitalization of $14.46 billion, a PE ratio of 11.96 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, beating the consensus estimate of $6.03 by $0.94. The company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. Reinsurance Group of America’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the company posted $5.66 earnings per share. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 26.88 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 20.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Piper Sandler dropped their price target on shares of Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. UBS Group raised their price objective on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $251.25.

Reinsurance Group of America Company 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.