Handelsbanken Fonder AB Has $11.20 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Handelsbanken Fonder AB cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 82.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,200 shares of the insurance provider’s stock after selling 331,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Reinsurance Group of America were worth $11,195,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC lifted its stake in Reinsurance Group of America by 34.5% in the fourth quarter. CWM LLC now owns 924 shares of the insurance provider’s stock valued at $149,000 after acquiring an additional 237 shares during the last quarter. Criterion Capital Advisors LLC acquired a new stake in Reinsurance Group of America in the fourth quarter valued at approximately $2,165,000. Lindbrook Capital LLC lifted its stake in Reinsurance Group of America by 129.9% in the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 87 shares during the last quarter. Greenleaf Trust acquired a new stake in Reinsurance Group of America in the fourth quarter valued at approximately $220,000. Finally, Xponance Inc. lifted its stake in Reinsurance Group of America by 1.4% in the fourth quarter. Xponance Inc. now owns 8,235 shares of the insurance provider’s stock valued at $1,332,000 after acquiring an additional 115 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Up 0.7 %

Shares of RGA stock opened at $190.04 on Wednesday. Reinsurance Group of America, Incorporated has a 1 year low of $133.13 and a 1 year high of $196.25. The firm’s fifty day simple moving average is $183.22 and its 200 day simple moving average is $168.63. The firm has a market capitalization of $12.50 billion, a P/E ratio of 14.15 and a beta of 0.89. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.40 by $0.33. The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.57 billion. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. Reinsurance Group of America’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.99 earnings per share. As a group, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.79%. The ex-dividend date was Monday, February 12th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 25.32%.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the sale, the chief financial officer now owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the sale, the chief financial officer now owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William L. Hutton sold 1,588 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the completion of the sale, the executive vice president now directly owns 13,625 shares in the company, valued at approximately $2,341,183.75. The disclosure for this sale can be found here. Insiders have sold 6,462 shares of company stock valued at $1,162,239 in the last 90 days. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RGA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Evercore ISI lifted their price target on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $212.00 price target on shares of Reinsurance Group of America in a research report on Friday, April 12th. Finally, UBS Group lifted their price target on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.38.

Reinsurance Group of America Company 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.