Graphene Investments SAS Invests $3.12 Million in Reinsurance Group of America, Incorporated (NYSE:RGA)

Graphene Investments SAS acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,300 shares of the insurance provider's stock, valued at approximately $3,122,000. Reinsurance Group of America makes up 2.0% of Graphene Investments SAS's investment portfolio, making the stock its 26th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC grew its position in shares of Reinsurance Group of America by 116.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider's stock worth $31,000 after buying an additional 114 shares during the period. Toth Financial Advisory Corp grew its position in shares of Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider's stock worth $39,000 after buying an additional 70 shares during the period. Janiczek Wealth Management LLC grew its position in shares of Reinsurance Group of America by 8,400.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 255 shares of the insurance provider's stock worth $37,000 after buying an additional 252 shares during the period. Harbour Investments Inc. grew its position in shares of Reinsurance Group of America by 59.1% in the 2nd quarter. Harbour Investments Inc. now owns 350 shares of the insurance provider's stock worth $49,000 after buying an additional 130 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Reinsurance Group of America by 47.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 368 shares of the insurance provider's stock worth $40,000 after buying an additional 119 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Performance

Shares of RGA stock traded down $5.65 during trading hours on Tuesday, reaching $189.28. The company had a trading volume of 460,643 shares, compared to its average volume of 344,019. The business has a fifty day moving average price of $179.97 and a 200-day moving average price of $165.81. Reinsurance Group of America, Incorporated has a one year low of $132.72 and a one year high of $196.25. The firm has a market cap of $12.45 billion, a PE ratio of 14.09 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.40 by $0.33. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.57 billion. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The firm's revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.99 earnings per share. Sell-side analysts predict that Reinsurance Group of America, Incorporated will post 19.38 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Monday, February 12th. Reinsurance Group of America's payout ratio is 25.32%.

Insider Buying and Selling

In related news, EVP William L. Hutton sold 1,908 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total value of $346,950.72. Following the transaction, the executive vice president now owns 13,363 shares of the company's stock, valued at $2,429,927.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of Reinsurance Group of America stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the transaction, the executive vice president now owns 13,625 shares of the company's stock, valued at $2,341,183.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction of $346,950.72. Following the transaction, the executive vice president now directly owns 13,363 shares in the company, valued at approximately $2,429,927.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,462 shares of company stock valued at $1,162,239. 1.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RGA shares. Wells Fargo & Company upped their target price on shares of Reinsurance Group of America from $186.00 to $193.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 6th. Piper Sandler raised their price objective on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday. Keefe, Bruyette & Woods restated an "outperform" rating and set a $200.00 price objective on shares of Reinsurance Group of America in a research note on Tuesday, March 26th. Royal Bank of Canada raised their price objective on shares of Reinsurance Group of America from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, February 5th. Finally, UBS Group raised their price objective on shares of Reinsurance Group of America from $191.00 to $198.00 and gave the company a "buy" rating in a research note on Monday, February 5th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $184.00.

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.