Arjuna Capital Lowers Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Arjuna Capital lowered its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 33.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,997 shares of the insurance provider's stock after selling 7,411 shares during the quarter. Arjuna Capital's holdings in Reinsurance Group of America were worth $3,267,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Earnest Partners LLC lifted its holdings in shares of Reinsurance Group of America by 1.9% during the second quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider's stock valued at $539,476,000 after purchasing an additional 50,228 shares during the last quarter. WCM Investment Management LLC lifted its holdings 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 purchasing 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% during the second quarter. Sei Investments Co. now owns 825,719 shares of the insurance provider's stock valued at $169,497,000 after purchasing an additional 45,709 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Reinsurance Group of America by 2.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 584,137 shares of the insurance provider's stock valued at $112,668,000 after purchasing an additional 15,926 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI lifted its stake in Reinsurance Group of America by 681.8% in the 2nd 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 in the last quarter. Institutional investors own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RGA. Morgan Stanley lowered their price objective on Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating on the stock in a report on Monday, August 19th. Raymond James lifted their price objective on Reinsurance Group of America from $228.00 to $250.00 and gave the company a "strong-buy" rating in a research report on Tuesday, September 24th. Piper Sandler lifted their target price 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. JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a "neutral" rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada boosted their target price on Reinsurance Group of America from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America has a consensus rating of "Moderate Buy" and a consensus target price of $227.38.

Insider Activity at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction on 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 in the company, valued at $2,705,812.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.37% of the stock is owned by insiders.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded up $1.57 during mid-day trading on Wednesday, reaching $230.43. The company's stock had a trading volume of 374,352 shares, compared to its average volume of 356,509. The firm's fifty day moving average price is $216.46 and its two-hundred day moving average price is $211.08. The company has a market capitalization of $15.18 billion, a P/E ratio of 21.14 and a beta of 0.92. 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, Incorporated has a 12-month low of $156.98 and a 12-month high of $231.11.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.31 by $0.82. The firm had revenue of $5.65 billion for 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 company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $5.57 earnings per share. Sell-side analysts predict that Reinsurance Group of America, Incorporated will post 21.93 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, November 8th. Reinsurance Group of America's dividend 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.