Stifel Financial Corp Has $79.87 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Stifel Financial Corp grew its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,601 shares of the insurance provider's stock after buying an additional 27,931 shares during the quarter. Stifel Financial Corp owned approximately 0.56% of Reinsurance Group of America worth $79,872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Eagle Asset Management Inc. raised its holdings in shares of Reinsurance Group of America by 15.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider's stock valued at $25,297,000 after purchasing an additional 15,289 shares during the period. M&G Plc raised its holdings in shares of Reinsurance Group of America by 5.0% in the 2nd quarter. M&G Plc now owns 85,153 shares of the insurance provider's stock valued at $17,456,000 after purchasing an additional 4,025 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Reinsurance Group of America in the 2nd quarter valued at about $1,925,000. Insight Wealth Strategies LLC bought a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at about $3,548,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Reinsurance Group of America by 23.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 31,798 shares of the insurance provider's stock valued at $6,527,000 after purchasing an additional 6,144 shares during the period. 95.11% of the stock is owned by institutional investors.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the firm'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 sale, the executive vice president now owns 12,357 shares in the company, valued at $2,705,812.29. This trade represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.37% of the stock is currently owned by insiders.

Reinsurance Group of America Stock Performance

Shares of RGA traded down $1.23 during mid-day trading on Friday, hitting $220.30. 239,017 shares of the company's stock were exchanged, compared to its average volume of 317,483. The stock's 50-day simple moving average is $220.76 and its 200-day simple moving average is $214.20. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 20.23 and a beta of 0.93. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. 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 quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.31 by $0.82. The business had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $5.57 earnings per share. On average, equities research analysts expect that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a $0.89 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.62%. Reinsurance Group of America's dividend payout ratio (DPR) is 32.69%.

Analyst Ratings Changes

RGA has been the topic of a number of research reports. Wells Fargo & Company upped their price target 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. Barclays upped their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. TD Cowen initiated coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They issued a "hold" rating and a $235.00 price target on the stock. Morgan Stanley decreased their price target on shares of Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Monday, August 19th. Finally, Piper Sandler upped 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 note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $227.77.

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.