Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC decreased its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 572,713 shares of the insurance provider's stock after selling 21,899 shares during the quarter. Reinsurance Group of America makes up approximately 1.7% of Douglas Lane & Associates LLC's portfolio, making the stock its 8th largest holding. Douglas Lane & Associates LLC owned 0.87% of Reinsurance Group of America worth $124,777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Reinsurance Group of America during the 4th quarter worth about $304,000. Virtu Financial LLC acquired a new stake in Reinsurance Group of America during the fourth quarter worth approximately $393,000. Pineridge Advisors LLC bought a new position in Reinsurance Group of America in the 4th quarter valued at about $26,000. ICA Group Wealth Management LLC bought a new position in shares of Reinsurance Group of America in the 4th quarter valued at $83,000. Finally, Quadrature Capital Ltd boosted its position in Reinsurance Group of America by 1,124.1% in the fourth quarter. Quadrature Capital Ltd now owns 28,043 shares of the insurance provider's stock valued at $4,536,000 after buying an additional 25,752 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Wall Street Analysts Forecast Growth

RGA has been the topic of several recent analyst reports. Barclays dropped their price target on Reinsurance Group of America from $255.00 to $250.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 8th. Jefferies Financial Group upped their target price on Reinsurance Group of America from $63.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday, July 10th. Piper Sandler increased their price target on shares of 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. TD Cowen assumed coverage on Reinsurance Group of America in a research note on Wednesday. They issued a "hold" rating and a $235.00 target price on the stock. Finally, StockNews.com lowered Reinsurance Group of America from a "buy" rating to a "hold" rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $226.62.

Reinsurance Group of America Trading Up 1.1 %

Shares of NYSE RGA traded up $2.27 during trading on Friday, hitting $216.49. 255,868 shares of the company traded hands, compared to its average volume of 357,948. Reinsurance Group of America, Incorporated has a 1 year low of $143.96 and a 1 year high of $227.87. The company has a 50-day moving average price of $212.62 and a 200-day moving average price of $206.66. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $14.24 billion, a P/E ratio of 16.82 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter last year, the company earned $4.40 earnings per share. The business's quarterly revenue was up 17.4% compared to the same quarter last year. On average, equities analysts predict that Reinsurance Group of America, Incorporated will post 21.72 EPS for the current year.

Reinsurance Group of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a $0.89 dividend. The ex-dividend date of this dividend was Friday, August 9th. This is a boost from Reinsurance Group of America's previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a dividend yield of 1.64%. Reinsurance Group of America's dividend payout ratio (DPR) is 27.66%.

Insider Activity

In related news, EVP William L. Hutton sold 1,209 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the completion of the sale, the executive vice president now owns 12,357 shares in the company, valued at approximately $2,705,812.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.37% of the stock is owned by insiders.

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.