State of Alaska Department of Revenue Sells 155 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

State of Alaska Department of Revenue lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,913 shares of the insurance provider’s stock after selling 155 shares during the period. State of Alaska Department of Revenue’s holdings in Reinsurance Group of America were worth $2,544,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RGA. Armstrong Advisory Group Inc. purchased a new position in shares of Reinsurance Group of America in the third quarter valued at about $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of Reinsurance Group of America in the third quarter worth about $34,000. Private Trust Co. NA lifted its position in shares of Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after buying an additional 120 shares in the last quarter. Strengthening Families & Communities LLC purchased a new stake in shares of Reinsurance Group of America in the third quarter worth about $36,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Reinsurance Group of America in the third quarter worth about $37,000. Institutional investors own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Barclays decreased their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday. JPMorgan Chase & Co. upped their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Piper Sandler decreased their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.31.

Reinsurance Group of America Trading Down 3.7 %

RGA opened at $200.73 on Tuesday. Reinsurance Group of America, Incorporated has a one year low of $165.38 and a one year high of $233.81. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 18.69 and a beta of 0.93. The stock’s 50 day moving average price is $218.73 and its 200-day moving average price is $217.40. 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 announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.80% and a net margin of 3.24%. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 23.14 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.89 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.77%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 33.15%.

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.