Reinsurance Group of America, Incorporated (NYSE:RGA) Stock Holdings Increased by MML Investors Services LLC

MML Investors Services LLC lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 91.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,321 shares of the insurance provider's stock after acquiring an additional 15,943 shares during the quarter. MML Investors Services LLC owned 0.05% of Reinsurance Group of America worth $7,260,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Stifel Financial Corp increased its holdings in Reinsurance Group of America by 8.2% during the 3rd quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider's stock worth $79,872,000 after purchasing an additional 27,931 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Reinsurance Group of America by 18.7% in the third quarter. Quantinno Capital Management LP now owns 20,478 shares of the insurance provider's stock worth $4,462,000 after buying an additional 3,226 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Reinsurance Group of America by 14.1% in the third quarter. Point72 Asset Management L.P. now owns 187,112 shares of the insurance provider's stock valued at $40,766,000 after acquiring an additional 23,066 shares in the last quarter. Maven Securities LTD boosted its stake in Reinsurance Group of America by 70.0% during the 3rd quarter. Maven Securities LTD now owns 1,700 shares of the insurance provider's stock valued at $370,000 after acquiring an additional 700 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in Reinsurance Group of America by 13.3% during the 3rd quarter. HighTower Advisors LLC now owns 51,855 shares of the insurance provider's stock worth $11,266,000 after acquiring an additional 6,101 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA traded up $0.92 during midday trading on Thursday, hitting $211.33. 268,833 shares of the company's stock were exchanged, compared to its average volume of 355,026. Reinsurance Group of America, Incorporated has a twelve month low of $157.48 and a twelve month high of $233.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $13.92 billion, a P/E ratio of 19.45 and a beta of 0.93. The stock's 50 day moving average price is $220.43 and its 200-day moving average price is $214.23.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) 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 company had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.29 billion. During the same quarter in the prior year, the business posted $5.57 earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. The ex-dividend date was Friday, November 8th. This represents a $3.56 annualized dividend and a yield of 1.68%. Reinsurance Group of America's payout ratio is 32.69%.

Insider Activity

In other news, EVP William L. Hutton sold 1,209 shares of the business's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the sale, the executive vice president now owns 12,357 shares of the company's stock, valued at approximately $2,705,812.29. The trade was a 8.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

RGA has been the topic of several research analyst reports. StockNews.com raised shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th. Barclays lifted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Piper Sandler upped their price target on Reinsurance Group of America from $237.00 to $242.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada lifted their price objective on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Finally, TD Cowen started coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They set a "hold" rating and a $235.00 target price on the stock. 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 stock. According to MarketBeat.com, Reinsurance Group of America has an average rating of "Moderate Buy" and an average price target of $227.77.

About Reinsurance Group of America

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.