MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income Has $12.08 Million Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA – Get Rating) by 35.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 110,330 shares of the insurance provider’s stock after acquiring an additional 28,655 shares during the period. Reinsurance Group of America accounts for about 1.3% of MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s portfolio, making the stock its 24th biggest position. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s holdings in Reinsurance Group of America were worth $12,077,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RGA. Exchange Traded Concepts LLC acquired a new stake in shares of Reinsurance Group of America during the 1st quarter worth approximately $34,000. Tyler Stone Wealth Management acquired a new position in Reinsurance Group of America during the fourth quarter valued at approximately $37,000. Quent Capital LLC acquired a new position in Reinsurance Group of America during the fourth quarter valued at approximately $40,000. CWM LLC acquired a new position in Reinsurance Group of America during the fourth quarter valued at approximately $47,000. Finally, Covestor Ltd acquired a new position in Reinsurance Group of America during the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 96.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Piper Sandler boosted their price objective on shares of Reinsurance Group of America from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, May 27th. Citigroup started coverage on shares of Reinsurance Group of America in a research note on Monday, May 23rd. They issued a “sell” rating and a $110.00 price target on the stock. StockNews.com lowered shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Saturday, May 14th. Morgan Stanley cut their price target on shares of Reinsurance Group of America from $132.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 6th. Finally, TheStreet lowered shares of Reinsurance Group of America from a “b-” rating to a “c” rating in a research note on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Reinsurance Group of America currently has an average rating of “Hold” and a consensus target price of $127.09.

Reinsurance Group of America Stock Performance

Shares of RGA stock traded up $9.86 on Friday, hitting $123.42. The company’s stock had a trading volume of 650,654 shares, compared to its average volume of 296,550. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.13 and a current ratio of 0.13. The stock’s 50 day moving average is $117.50 and its 200-day moving average is $113.77. Reinsurance Group of America, Incorporated has a fifty-two week low of $94.32 and a fifty-two week high of $127.22. The company has a market capitalization of $8.27 billion, a PE ratio of 31.09 and a beta of 1.00.

Reinsurance Group of America (NYSE:RGA – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The insurance provider reported $5.78 EPS for the quarter, beating the consensus estimate of $2.70 by $3.08. Reinsurance Group of America had a net margin of 1.66% and a return on equity of 2.64%. During the same period in the prior year, the firm earned $4.00 EPS. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 9.7 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Tuesday, August 16th will be given a dividend of $0.80 per share. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Monday, August 15th. This represents a $3.20 annualized dividend and a yield of 2.59%. Reinsurance Group of America’s dividend payout ratio is currently 73.55%.

Insider Buying and Selling

In related news, Director Christine Rose Detrick sold 4,300 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $113.34, for a total transaction of $487,362.00. Following the completion of the sale, the director now owns 1,618 shares of the company’s stock, valued at $183,384.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.55% of the stock is currently owned by company insiders.

Reinsurance Group of America Profile

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Reinsurance Group of America, Incorporated engages in reinsurance business. It 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.