Public Employees Retirement System of Ohio Has $9.26 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Public Employees Retirement System of Ohio increased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 22.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,520 shares of the insurance provider's stock after purchasing an additional 7,714 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of Reinsurance Group of America worth $9,264,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Reinsurance Group of America by 8.9% in the third quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider's stock valued at $133,000 after acquiring an additional 50 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Reinsurance Group of America by 1.2% during the third quarter. Resonant Capital Advisors LLC now owns 4,368 shares of the insurance provider's stock worth $952,000 after purchasing an additional 53 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Reinsurance Group of America by 0.7% in the second quarter. GHP Investment Advisors Inc. now owns 9,462 shares of the insurance provider's stock valued at $1,942,000 after buying an additional 62 shares in the last quarter. Baron Wealth Management LLC raised its holdings in shares of Reinsurance Group of America by 4.5% in the third quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider's stock valued at $324,000 after buying an additional 64 shares during the last quarter. Finally, Tectonic Advisors LLC increased its position in Reinsurance Group of America by 3.0% in the 3rd quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider's stock valued at $514,000 after acquiring an additional 69 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler raised 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 report on Wednesday, October 2nd. Wells Fargo & Company upped their price target on 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. Royal Bank of Canada boosted 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. Raymond James lifted 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. Finally, StockNews.com upgraded shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $227.77.

Insider Activity

In related news, EVP William L. Hutton sold 1,209 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. The trade was a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.37% of the stock is currently owned by company insiders.

Reinsurance Group of America Stock Performance

RGA stock traded up $0.97 during trading hours on Friday, reaching $212.30. The stock had a trading volume of 496,446 shares, compared to its average volume of 355,613. The stock has a 50-day simple moving average of $220.37 and a 200 day simple moving average of $214.21. Reinsurance Group of America, Incorporated has a fifty-two week low of $157.48 and a fifty-two week high of $233.81. The stock has a market capitalization of $13.98 billion, a PE ratio of 19.54 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating the consensus estimate of $5.31 by $0.82. The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The company's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $5.57 earnings per share. Analysts predict that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued 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 currently 32.69%.

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.