Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Paulson Wealth Management Inc.

by · The Cerbat Gem

Paulson Wealth Management Inc. decreased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA – Free Report) by 3.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,464 shares of the insurance provider’s stock after selling 52 shares during the quarter. Paulson Wealth Management Inc.’s holdings in Reinsurance Group of America were worth $301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Meeder Asset Management Inc. purchased a new stake in Reinsurance Group of America during the 1st quarter worth approximately $675,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Reinsurance Group of America by 22.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 143,178 shares of the insurance provider’s stock valued at $27,617,000 after acquiring an additional 26,306 shares in the last quarter. Junto Capital Management LP acquired a new position in shares of Reinsurance Group of America during the fourth quarter worth about $92,083,000. Leuthold Group LLC lifted its position in Reinsurance Group of America by 33.8% in the fourth quarter. Leuthold Group LLC now owns 44,716 shares of the insurance provider’s stock valued at $7,234,000 after purchasing an additional 11,305 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Reinsurance Group of America by 50.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,486 shares of the insurance provider’s stock valued at $1,459,000 after purchasing an additional 2,524 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Down 0.7 %

Shares of RGA stock traded down $1.57 on Monday, reaching $210.20. 268,406 shares of the company’s stock traded hands, compared to its average volume of 371,129. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.17 and a current ratio of 0.17. Reinsurance Group of America, Incorporated has a 12-month low of $135.57 and a 12-month high of $227.87. The business’s 50 day moving average price is $209.35 and its two-hundred day moving average price is $197.43. The company has a market capitalization of $13.83 billion, a P/E ratio of 16.38 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA – Get Free Report) last released its earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. The company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $5.07 billion. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.40 EPS. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 21.5 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Friday, August 9th. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.69%. Reinsurance Group of America’s payout ratio is presently 27.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RGA shares. Piper Sandler boosted their price target on Reinsurance Group of America from $228.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Keefe, Bruyette & Woods raised their price target on Reinsurance Group of America from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Royal Bank of Canada increased their price objective on Reinsurance Group of America from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $236.00 to $239.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group raised their price objective on Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.45.

Get Our Latest Report on RGA

About Reinsurance Group of America

(Free Report)

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.

Read More

Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reinsurance Group of America, Incorporated (NYSE:RGA – Free Report).