Leuthold Group LLC Has $8.61 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Leuthold Group LLC decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,625 shares of the insurance provider’s stock after selling 91 shares during the period. Leuthold Group LLC’s holdings in Reinsurance Group of America were worth $8,607,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Texas Permanent School Fund Corp boosted its stake in Reinsurance Group of America by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 57,680 shares of the insurance provider’s stock worth $11,125,000 after buying an additional 746 shares in the last quarter. WBI Investments LLC boosted its position in shares of Reinsurance Group of America by 759.7% during the 1st quarter. WBI Investments LLC now owns 29,874 shares of the insurance provider’s stock valued at $5,762,000 after acquiring an additional 26,399 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Reinsurance Group of America in the first quarter valued at about $514,000. Daiwa Securities Group Inc. acquired a new position in Reinsurance Group of America in the first quarter worth about $270,000. Finally, Nordea Investment Management AB lifted its stake in Reinsurance Group of America by 8.2% during the first quarter. Nordea Investment Management AB now owns 89,806 shares of the insurance provider’s stock worth $17,389,000 after purchasing an additional 6,777 shares during the period. Institutional investors own 95.11% of the company’s stock.

Insiders Place Their Bets

In related news, EVP John W. Hayden sold 1,767 shares of Reinsurance Group of America stock in a transaction that occurred on 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 owns 16,490 shares of the company’s stock, valued at approximately $3,410,956.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.37% of the company’s stock.

Reinsurance Group of America Stock Up 0.6 %

Shares of NYSE RGA traded up $1.26 during mid-day trading on Friday, reaching $213.00. 117,746 shares of the company’s stock were exchanged, compared to its average volume of 348,279. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $206.62 and a 200 day simple moving average of $187.52. Reinsurance Group of America, Incorporated has a twelve month low of $135.07 and a twelve month high of $213.58. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 16.55 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, topping the consensus estimate of $4.55 by $1.47. The firm had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. During the same period last year, the company posted $5.16 EPS. As a group, equities analysts expect that Reinsurance Group of America, Incorporated will post 21.11 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Monday, May 13th. Reinsurance Group of America’s payout ratio is presently 26.42%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RGA shares. Royal Bank of Canada reissued an “outperform” rating and issued a $225.00 target price on shares of Reinsurance Group of America in a report on Friday, June 14th. Evercore ISI raised their price target on Reinsurance Group of America from $225.00 to $241.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. Raymond James boosted their price objective on Reinsurance Group of America from $212.00 to $228.00 and gave the stock a “strong-buy” rating in a report on Friday, June 14th. Wells Fargo & Company raised their target price on shares of 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. Finally, Piper Sandler increased their price objective on shares of Reinsurance Group of America from $228.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, June 28th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.45.

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.