Sanctuary Advisors LLC Raises Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Sanctuary Advisors LLC boosted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,443 shares of the insurance provider’s stock after purchasing an additional 246 shares during the period. Sanctuary Advisors LLC’s holdings in Reinsurance Group of America were worth $2,409,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. purchased a new position in Reinsurance Group of America during the 3rd quarter worth $25,000. International Assets Investment Management LLC purchased a new position in Reinsurance Group of America during the 2nd quarter worth $28,000. Family Firm Inc. purchased a new position in Reinsurance Group of America during the 2nd quarter worth $29,000. Wolff Wiese Magana LLC purchased a new position in Reinsurance Group of America during the 3rd quarter worth $34,000. Finally, Private Trust Co. NA grew its position in Reinsurance Group of America by 333.3% during the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 120 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP William L. Hutton sold 1,209 shares of the business’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 completion of the transaction, the executive vice president now owns 12,357 shares of the company’s stock, valued at $2,705,812.29. The trade was a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on RGA shares. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Piper Sandler lifted their target price on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Raymond James lifted their target price on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 24th. Finally, Royal Bank of Canada lifted their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $227.77.

Reinsurance Group of America Stock Down 1.1 %

Shares of NYSE RGA opened at $209.22 on Wednesday. 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 $159.82 and a 52 week high of $233.81. The firm has a 50-day moving average price of $220.13 and a 200 day moving average price of $214.33. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 19.21 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating the consensus estimate of $5.31 by $0.82. The firm had revenue of $5.65 billion during 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 business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the business earned $5.57 earnings per share. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was 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.