MassMutual Private Wealth & Trust FSB Sells 819 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

MassMutual Private Wealth & Trust FSB lowered its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 21.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,040 shares of the insurance provider’s stock after selling 819 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Reinsurance Group of America were worth $649,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its position in shares of Reinsurance Group of America by 14.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the insurance provider’s stock valued at $137,000 after purchasing an additional 85 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Reinsurance Group of America by 314.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 56,800 shares of the insurance provider’s stock worth $11,659,000 after acquiring an additional 43,100 shares during the last quarter. AE Wealth Management LLC grew its position in shares of Reinsurance Group of America by 9.0% during the 2nd quarter. AE Wealth Management LLC now owns 2,532 shares of the insurance provider’s stock valued at $520,000 after acquiring an additional 210 shares during the period. Pacer Advisors Inc. increased its stake in shares of Reinsurance Group of America by 17.1% in the 2nd quarter. Pacer Advisors Inc. now owns 11,614 shares of the insurance provider’s stock worth $2,384,000 after purchasing an additional 1,698 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Reinsurance Group of America by 45.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 24,033 shares of the insurance provider’s stock worth $4,933,000 after purchasing an additional 7,517 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on RGA. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Piper Sandler boosted their price objective on Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Barclays decreased their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus price target of $228.31.

Reinsurance Group of America Trading Up 0.6 %

Shares of Reinsurance Group of America stock opened at $224.32 on Wednesday. Reinsurance Group of America, Incorporated has a twelve month low of $163.81 and a twelve month high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $219.73 and a 200-day moving average price of $216.07. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 20.60 and a beta of 0.94.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating the consensus estimate of $5.31 by $0.82. The business had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.57 EPS. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s payout ratio is 32.69%.

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.