Reinsurance Group of America, Incorporated $RGA Stock Acquired by Leuthold Group LLC

Leuthold Group LLC increased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 94.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,315 shares of the insurance provider's stock after purchasing an additional 15,657 shares during the period. Leuthold Group LLC's holdings in Reinsurance Group of America were worth $7,957,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RGA. WCM Investment Management LLC increased its stake in shares of Reinsurance Group of America by 3.0% in the 1st quarter. WCM Investment Management LLC now owns 2,830,620 shares of the insurance provider's stock valued at $566,803,000 after acquiring an additional 82,681 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Reinsurance Group of America by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,114,998 shares of the insurance provider's stock worth $227,624,000 after acquiring an additional 15,372 shares during the last quarter. Sei Investments Co. boosted its stake in Reinsurance Group of America by 1.0% during the 1st quarter. Sei Investments Co. now owns 837,391 shares of the insurance provider's stock worth $170,960,000 after acquiring an additional 8,221 shares during the last quarter. First Trust Advisors LP boosted its stake in Reinsurance Group of America by 5.1% during the 1st quarter. First Trust Advisors LP now owns 479,000 shares of the insurance provider's stock worth $97,793,000 after acquiring an additional 23,105 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Reinsurance Group of America by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 417,970 shares of the insurance provider's stock valued at $85,333,000 after purchasing an additional 2,493 shares during the period. Institutional investors own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on RGA. Wells Fargo & Company upped their target price on shares of Reinsurance Group of America from $291.00 to $292.00 and gave the company an "overweight" rating in a research note on Monday, October 12th. UBS Group raised shares of Reinsurance Group of America from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Barclays set a $292.00 price target on shares of Reinsurance Group of America in a research report on Thursday, October 8th. TD Cowen boosted their price target on shares of Reinsurance Group of America from $235.00 to $250.00 and gave the company a "hold" rating in a report on Wednesday, October 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Reinsurance Group of America from $293.00 to $297.00 and gave the company an "overweight" rating in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America currently has an average rating of "Buy" and a consensus price target of $278.62.

Insider Buying and Selling at Reinsurance Group of America

In other news, EVP Jonathan Porter sold 8,589 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $246.30, for a total transaction of $2,115,470.70. Following the completion of the sale, the executive vice president owned 14,885 shares of the company's stock, valued at $3,666,175.50. This represents a 36.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Reinsurance Group of America Trading Up 1.9%

NYSE:RGA opened at $267.00 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.14 and a quick ratio of 0.14. The business's 50-day simple moving average is $255.58 and its 200-day simple moving average is $226.69. Reinsurance Group of America, Incorporated has a fifty-two week low of $182.73 and a fifty-two week high of $272.44. The stock has a market capitalization of $17.44 billion, a PE ratio of 8.89 and a beta of 0.43.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, November 5th. The insurance provider reported $8.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.97 by $1.52. The business had revenue of $7.55 billion during the quarter, compared to analysts' expectations of $6.69 billion. Reinsurance Group of America had a return on equity of 14.78% and a net margin of 5.81%. During the same period in the prior year, the business earned $6.37 EPS. Sell-side analysts expect that Reinsurance Group of America, Incorporated will post 29.78 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, December 1st. Stockholders of record on Tuesday, November 17th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, November 17th. Reinsurance Group of America's dividend payout ratio is 15.15%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (RGA) is a global life and health reinsurer. It works with insurance companies to help them manage risks and support the development and distribution of insurance products.

Its services include life and health reinsurance, as well as solutions involving longevity risk and asset-intensive reinsurance. RGA also provides underwriting expertise, data and analytics, and product and risk-management support to its clients.

Founded in 1973, RGA serves clients across North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.

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