Leeward Investments LLC MA Reduces Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Leeward Investments LLC MA trimmed its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 20.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,134 shares of the insurance provider’s stock after selling 17,586 shares during the period. Leeward Investments LLC MA’s holdings in Reinsurance Group of America were worth $15,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in RGA. QRG Capital Management Inc. lifted its position in shares of Reinsurance Group of America by 4.9% during the 3rd quarter. QRG Capital Management Inc. now owns 3,913 shares of the insurance provider’s stock worth $853,000 after buying an additional 184 shares during the last quarter. Cannon Global Investment Management LLC acquired a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at about $545,000. Janney Montgomery Scott LLC boosted its holdings in shares of Reinsurance Group of America by 0.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,631 shares of the insurance provider’s stock valued at $2,534,000 after acquiring an additional 104 shares during the period. Farther Finance Advisors LLC grew its position in shares of Reinsurance Group of America by 94.9% during the third quarter. Farther Finance Advisors LLC now owns 1,427 shares of the insurance provider’s stock worth $311,000 after acquiring an additional 695 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new position in shares of Reinsurance Group of America in the 3rd quarter valued at $424,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the transaction, the executive vice president now directly owns 12,357 shares of the company’s stock, valued at $2,705,812.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RGA shares. Jefferies Financial Group lifted their price objective on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Barclays decreased their price objective on Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Morgan Stanley dropped their target price on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Finally, Raymond James upped their price objective 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. Three equities research 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 stock. According to MarketBeat, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus price target of $227.38.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $227.70 on Thursday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The stock has a market cap of $15.00 billion, a P/E ratio of 20.91 and a beta of 0.92. Reinsurance Group of America, Incorporated has a 12-month low of $153.79 and a 12-month high of $227.87. The company has a 50-day moving average of $215.96 and a two-hundred day moving average of $209.94.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 3.32% and a return on equity of 15.01%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.57 earnings per share. As a group, research analysts predict that Reinsurance Group of America, Incorporated will post 21.74 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is presently 32.69%.

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.