Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,588 shares of the insurance provider’s stock after selling 496 shares during the quarter. Atria Investments Inc’s holdings in Reinsurance Group of America were worth $3,178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RGA. Armstrong Advisory Group Inc. acquired a new stake in shares of Reinsurance Group of America during the third quarter valued at about $25,000. New Covenant Trust Company N.A. purchased a new position in shares of Reinsurance Group of America during the 1st quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new stake in Reinsurance Group of America in the 2nd quarter valued at approximately $28,000. Family Firm Inc. purchased a new stake in Reinsurance Group of America in the second quarter valued at approximately $29,000. Finally, LRI Investments LLC acquired a new position in Reinsurance Group of America during the first quarter worth $33,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP William L. Hutton sold 1,209 shares of the company’s stock in a transaction 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 in the company, valued at approximately $2,705,812.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.37% of the stock is owned by corporate insiders.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $230.43 on Thursday. The company has a market cap of $15.18 billion, a P/E ratio of 21.14 and a beta of 0.92. The firm has a fifty day moving average price of $216.46 and a 200 day moving average price of $211.08. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. Reinsurance Group of America, Incorporated has a 12 month low of $156.98 and a 12 month high of $231.11.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the previous year, the business earned $5.57 EPS. Reinsurance Group of America’s revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side analysts predict that Reinsurance Group of America, Incorporated will post 21.93 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.56 annualized dividend and a yield of 1.54%. Reinsurance Group of America’s dividend payout ratio is currently 32.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RGA shares. Citigroup lifted their price objective on Reinsurance Group of America from $194.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company lifted their target price on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Raymond James increased their price target 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. Piper Sandler raised their price objective on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Three investment 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 company’s stock. According to MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average target price of $227.38.

Reinsurance Group of America 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.