Xponance Inc. Sells 956 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Xponance Inc. reduced its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 11.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,288 shares of the insurance provider’s stock after selling 956 shares during the period. Xponance Inc.’s holdings in Reinsurance Group of America were worth $1,496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. grew 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 valued at $1,942,000 after buying an additional 62 shares in the last quarter. Covestor Ltd grew its holdings in shares of Reinsurance Group of America by 20.3% during the first quarter. Covestor Ltd now owns 374 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 63 shares in the last quarter. Fiduciary Family Office LLC grew its holdings in shares of Reinsurance Group of America by 3.1% during the second quarter. Fiduciary Family Office LLC now owns 2,550 shares of the insurance provider’s stock worth $523,000 after purchasing an additional 76 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Reinsurance Group of America by 16.5% during the second quarter. GAMMA Investing LLC now owns 559 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 79 shares in the last quarter. Finally, Hilltop National Bank grew its holdings in shares of Reinsurance Group of America by 13.1% during the second quarter. Hilltop National Bank now owns 706 shares of the insurance provider’s stock worth $145,000 after purchasing an additional 82 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RGA has been the subject of several research reports. Morgan Stanley cut their target price on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $208.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Citigroup upped their target price on Reinsurance Group of America from $194.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Wells Fargo & Company upped their price target on Reinsurance Group of America from $236.00 to $239.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, Evercore ISI upped their price target on Reinsurance Group of America from $225.00 to $241.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.17.

Insider Transactions at Reinsurance Group of America

In other 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 owns 12,357 shares of the company’s stock, valued at $2,705,812.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.37% of the company’s stock.

Reinsurance Group of America Trading Down 1.4 %

Reinsurance Group of America stock opened at $215.61 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a one year low of $140.39 and a one year high of $227.87. The stock has a market capitalization of $14.20 billion, a PE ratio of 16.75 and a beta of 0.91. The business’s fifty day moving average is $213.34 and its 200 day moving average is $204.26.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the prior year, the company earned $4.40 earnings per share. Reinsurance Group of America’s revenue was up 17.4% on a year-over-year basis. On average, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 21.7 EPS for the current year.

Reinsurance Group of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were paid a $0.89 dividend. The ex-dividend date was Friday, August 9th. This represents a $3.56 annualized dividend and a dividend yield of 1.65%. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.85. Reinsurance Group of America’s dividend payout ratio (DPR) is 27.66%.

About Reinsurance Group of America

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.