Kennedy Capital Management LLC Has $14.46 Million Stake in Reinsurance Group of America, Incorporated $RGA

Key Points

• Kennedy Capital Management LLC trimmed its stake in Reinsurance Group of America (NYSE: RGA) by 16.0%, selling 14,384 shares and ending the quarter with 75,269 shares worth about $14.46 million (≈0.11% of the company); institutional investors own roughly 95.11% of RGA.
• RGA reported a strong quarter — $7.75 EPS vs. $5.86 expected and revenue of $6.64 billion (up 26.6% YoY) — and Wall Street sentiment is largely positive with a "Moderate Buy" consensus and a average price target near $244.57.
• The company pays a quarterly dividend of $0.93 (annualized $3.72, ~1.8% yield), and the stock trades around $205 with a PE of 11.49 and market cap near $13.45 billion.

Kennedy Capital Management LLC trimmed its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 16.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,269 shares of the insurance provider's stock after selling 14,384 shares during the period. Kennedy Capital Management LLC owned approximately 0.11% of Reinsurance Group of America worth $14,461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in Reinsurance Group of America by 44.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider's stock worth $43,554,000 after acquiring an additional 67,880 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Reinsurance Group of America by 121.2% in the first quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider's stock worth $527,000 after purchasing an additional 1,466 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Reinsurance Group of America by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider's stock worth $76,000 after purchasing an additional 58 shares in the last quarter. AE Wealth Management LLC boosted its holdings in Reinsurance Group of America by 10.3% during the second quarter. AE Wealth Management LLC now owns 3,655 shares of the insurance provider's stock worth $725,000 after purchasing an additional 340 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Reinsurance Group of America by 13.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,183 shares of the insurance provider's stock worth $6,979,000 after purchasing an additional 4,061 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Performance

Shares of RGA traded up $0.17 during midday trading on Friday, reaching $205.17. The stock had a trading volume of 24,690 shares, compared to its average volume of 414,038. The firm has a market cap of $13.45 billion, a PE ratio of 11.49 and a beta of 0.50. The firm has a 50 day simple moving average of $208.02 and a 200-day simple moving average of $198.23. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $229.21. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The company had revenue of $6.64 billion for the quarter, compared to analysts' expectations of $6.25 billion. During the same period in the prior year, the firm earned $4.99 EPS. Reinsurance Group of America's quarterly revenue was up 26.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, February 17th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 20.96%.

Wall Street Analysts Forecast Growth

RGA has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the company an "overweight" rating in a research note on Wednesday, February 25th. TD Cowen restated a "hold" rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Wall Street Zen raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Saturday, February 7th. Barclays set a $245.00 target price on Reinsurance Group of America and gave the stock an "overweight" rating in a report on Friday, February 6th. Finally, Piper Sandler reissued an "overweight" rating and set a $263.00 price target on shares of Reinsurance Group of America in a research report on Friday, February 6th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $244.57.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated NYSE: RGA is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company's offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA's product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.

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