Segall Bryant & Hamill LLC Has $34.93 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Segall Bryant & Hamill LLC lowered its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 7.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 160,332 shares of the insurance provider’s stock after selling 12,246 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Reinsurance Group of America were worth $34,931,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in Reinsurance Group of America by 8.9% during the 3rd quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider’s stock worth $133,000 after acquiring an additional 50 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in Reinsurance Group of America by 1.2% during the 3rd quarter. Resonant Capital Advisors LLC now owns 4,368 shares of the insurance provider’s stock worth $952,000 after acquiring an additional 53 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in Reinsurance Group of America by 0.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 9,462 shares of the insurance provider’s stock worth $1,942,000 after acquiring an additional 62 shares during the last quarter. Covestor Ltd boosted its holdings in Reinsurance Group of America by 20.3% during the 1st quarter. Covestor Ltd now owns 374 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 63 shares during the last quarter. Finally, Baron Wealth Management LLC boosted its holdings in Reinsurance Group of America by 4.5% during the 3rd quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider’s stock worth $324,000 after acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insider Activity

In other news, EVP William L. Hutton sold 1,209 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

RGA has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price target on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley cut 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 report on Monday, August 19th. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Finally, Citigroup boosted their price target on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $227.38.

Reinsurance Group of America Trading Down 1.9 %

Shares of Reinsurance Group of America stock opened at $227.22 on Wednesday. Reinsurance Group of America, Incorporated has a 52-week low of $157.45 and a 52-week high of $233.14. The stock’s 50-day simple moving average is $217.71 and its 200 day simple moving average is $212.25. The stock has a market capitalization of $14.97 billion, a P/E ratio of 20.87 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) 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. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same period in the previous year, the business posted $5.57 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.93 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.57%. 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.