Geode Capital Management LLC Has $241.85 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Geode Capital Management LLC raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,109,766 shares of the insurance provider's stock after buying an additional 18,162 shares during the quarter. Geode Capital Management LLC owned approximately 1.68% of Reinsurance Group of America worth $241,849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in Reinsurance Group of America by 9.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,701 shares of the insurance provider's stock valued at $760,000 after purchasing an additional 307 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of Reinsurance Group of America during the second quarter valued at approximately $272,000. Summit Global Investments boosted its position in shares of Reinsurance Group of America by 20.6% during the second quarter. Summit Global Investments now owns 6,494 shares of the insurance provider's stock worth $1,333,000 after buying an additional 1,111 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in Reinsurance Group of America in the 2nd quarter worth approximately $453,000. Finally, Lecap Asset Management Ltd. increased its position in Reinsurance Group of America by 59.5% in the 2nd quarter. Lecap Asset Management Ltd. now owns 8,681 shares of the insurance provider's stock valued at $1,782,000 after acquiring an additional 3,237 shares during the period. Institutional investors and hedge funds own 95.11% of the company's stock.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of the 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 completion of the sale, the executive vice president now owns 12,357 shares in the company, valued at $2,705,812.29. This represents a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RGA shares. Piper Sandler boosted their price target on 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. Morgan Stanley reduced their price objective on shares of Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating for the company in a report on Monday, August 19th. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, October 3rd. Finally, Barclays increased their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Three equities research 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $227.77.

Reinsurance Group of America Price Performance

Shares of NYSE RGA traded up $0.94 during trading on Friday, hitting $212.27. The company had a trading volume of 496,446 shares, compared to its average volume of 323,087. The company has a market cap of $13.98 billion, a P/E ratio of 19.49 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The business's 50-day moving average is $220.22 and its 200 day moving average is $214.32. Reinsurance Group of America, Incorporated has a 52 week low of $157.48 and a 52 week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results 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 business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. Reinsurance Group of America's revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $5.57 earnings per share. Equities research analysts predict that Reinsurance Group of America, Incorporated will post 21.67 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America's dividend payout ratio (DPR) is currently 32.69%.

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.