Algert Global LLC Sells 4,570 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Algert Global LLC cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 53.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,962 shares of the insurance provider's stock after selling 4,570 shares during the period. Algert Global LLC's holdings in Reinsurance Group of America were worth $863,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Earnest Partners LLC boosted its stake in shares of Reinsurance Group of America by 1.9% in the second quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider's stock worth $539,476,000 after acquiring an additional 50,228 shares during the period. WCM Investment Management LLC raised its position in shares of Reinsurance Group of America by 1,208.5% during the third quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider's stock valued at $527,742,000 after buying an additional 2,260,605 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Reinsurance Group of America by 5.9% in the second quarter. Sei Investments Co. now owns 825,719 shares of the insurance provider's stock worth $169,497,000 after buying an additional 45,709 shares in the last quarter. Zurich Insurance Group Ltd FI boosted its position in shares of Reinsurance Group of America by 681.8% during the second quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider's stock worth $104,244,000 after acquiring an additional 442,883 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Reinsurance Group of America by 43.8% in the 2nd quarter. Millennium Management LLC now owns 437,266 shares of the insurance provider's stock valued at $89,758,000 after acquiring an additional 133,212 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Trading Down 0.5 %

Reinsurance Group of America stock traded down $1.06 during midday trading on Friday, reaching $228.40. The stock had a trading volume of 227,007 shares, compared to its average volume of 354,945. Reinsurance Group of America, Incorporated has a 52-week low of $157.48 and a 52-week high of $233.81. The company has a fifty day moving average of $220.25 and a 200 day moving average of $213.68. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 20.98 and a beta of 0.92. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the prior year, the business posted $5.57 earnings per share. The company's revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts anticipate that Reinsurance Group of America, Incorporated will post 21.93 earnings per share 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 dividend yield of 1.56%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America's dividend payout ratio is currently 32.69%.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the firm's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares of the company's stock, valued at approximately $2,705,812.29. This trade represents a 8.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on RGA shares. Piper Sandler increased their price objective on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their price target on Reinsurance Group of America from $220.00 to $222.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. Barclays upped their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Keefe, Bruyette & Woods raised Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada upped their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Reinsurance Group of America presently has an average rating of "Moderate Buy" and a consensus target price of $227.77.

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.