Reinsurance Group of America, Incorporated (NYSE:RGA) Holdings Decreased by Interval Partners LP

Interval Partners LP cut its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 39.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 56,926 shares of the insurance provider’s stock after selling 36,769 shares during the period. Interval Partners LP’s holdings in Reinsurance Group of America were worth $10,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in RGA. Lindbrook Capital LLC lifted its position in shares of Reinsurance Group of America by 129.9% in the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after buying an additional 87 shares during the last quarter. Pineridge Advisors LLC bought a new position in Reinsurance Group of America in the fourth quarter worth about $26,000. Rise Advisors LLC acquired a new position in Reinsurance Group of America in the first quarter valued at approximately $29,000. LRI Investments LLC bought a new position in shares of Reinsurance Group of America during the first quarter valued at approximately $33,000. Finally, Toth Financial Advisory Corp raised its position in shares of Reinsurance Group of America by 41.2% during the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Evercore ISI boosted their price objective on Reinsurance Group of America from $225.00 to $241.00 and gave the company an “outperform” rating in a research report on Wednesday, June 26th. Morgan Stanley upped their price target on shares of Reinsurance Group of America from $216.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $195.00 to $208.00 and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Piper Sandler upped their target price on shares of Reinsurance Group of America from $228.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. Finally, Wells Fargo & Company raised their price target 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. Two investment 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $215.64.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded up $4.84 on Tuesday, hitting $225.87. The company had a trading volume of 315,243 shares, compared to its average volume of 360,016. Reinsurance Group of America, Incorporated has a 52 week low of $135.07 and a 52 week high of $227.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $14.86 billion, a PE ratio of 17.57 and a beta of 0.92. The business has a 50-day simple moving average of $208.98 and a 200-day simple moving average of $192.32.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the prior year, the firm posted $5.16 earnings per share. Research analysts expect that Reinsurance Group of America, Incorporated will post 21.11 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Monday, May 13th. Reinsurance Group of America’s payout ratio is currently 26.42%.

Insiders Place Their Bets

In related news, EVP John W. Hayden sold 1,767 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total transaction of $365,503.95. Following the completion of the sale, the executive vice president now directly owns 16,490 shares of the company’s stock, valued at $3,410,956.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.37% of the stock is owned by company insiders.

Reinsurance Group of America 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.