Lecap Asset Management Ltd. Has $303,000 Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Lecap Asset Management Ltd. trimmed its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 84.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,390 shares of the insurance provider's stock after selling 7,291 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Reinsurance Group of America were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of RGA. Armstrong Advisory Group Inc. acquired a new stake in Reinsurance Group of America in the 3rd quarter valued at about $25,000. New Covenant Trust Company N.A. purchased a new stake in Reinsurance Group of America during the first quarter valued at about $28,000. International Assets Investment Management LLC purchased a new stake in Reinsurance Group of America during the second quarter valued at about $28,000. Family Firm Inc. purchased a new stake in Reinsurance Group of America during the second quarter valued at about $29,000. Finally, LRI Investments LLC purchased a new stake in Reinsurance Group of America during the first quarter valued at about $33,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on RGA. Wells Fargo & Company upped their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Piper Sandler increased their price target on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Raymond James increased their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. increased their price target on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. Finally, Jefferies Financial Group increased their price target on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the stock a "buy" rating in a research report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $226.62.

Reinsurance Group of America Stock Down 1.0 %

NYSE:RGA traded down $2.04 during mid-day trading on Friday, reaching $210.44. The stock had a trading volume of 339,074 shares, compared to its average volume of 353,986. The business's 50 day moving average is $215.19 and its 200 day moving average is $207.94. Reinsurance Group of America, Incorporated has a fifty-two week low of $144.74 and a fifty-two week high of $227.87. The stock has a market cap of $13.86 billion, a P/E ratio of 16.54 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, beating the consensus estimate of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter last year, the company posted $4.40 earnings per share. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 21.8 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Friday, August 9th. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.85. Reinsurance Group of America's dividend payout ratio (DPR) is 27.70%.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.37% of the company's stock.

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.