Louisiana State Employees Retirement System Takes Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Louisiana State Employees Retirement System purchased a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,500 shares of the insurance provider's stock, valued at approximately $2,993,000.

Several other hedge funds also recently added to or reduced their stakes in RGA. Moneta Group Investment Advisors LLC raised its position in Reinsurance Group of America by 129,207.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 12,117,433 shares of the insurance provider's stock worth $1,721,766,000 after acquiring an additional 12,108,062 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Reinsurance Group of America by 1.5% in the third quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider's stock valued at $1,067,264,000 after buying an additional 110,877 shares in the last quarter. American Century Companies Inc. increased its position in shares of Reinsurance Group of America by 7.3% in the third quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider's stock valued at $378,288,000 after buying an additional 177,299 shares in the last quarter. State Street Corp increased its position in shares of Reinsurance Group of America by 4.7% in the first quarter. State Street Corp now owns 2,411,086 shares of the insurance provider's stock valued at $263,917,000 after buying an additional 108,922 shares in the last quarter. Finally, Earnest Partners LLC increased its position in shares of Reinsurance Group of America by 2.7% in the third quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider's stock valued at $344,257,000 after buying an additional 62,045 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

RGA has been the subject of a number of research analyst reports. UBS Group raised their price target on Reinsurance Group of America from $198.00 to $223.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $212.00 price objective on shares of Reinsurance Group of America in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $170.00 to $189.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 2nd. Morgan Stanley lifted their price objective on Reinsurance Group of America from $178.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Piper Sandler lifted their price objective on Reinsurance Group of America from $195.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, April 5th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Reinsurance Group of America has an average rating of "Moderate Buy" and a consensus target price of $194.38.

Reinsurance Group of America Trading Down 0.6 %

Shares of NYSE RGA traded down $1.02 during midday trading on Tuesday, hitting $180.62. The stock had a trading volume of 259,793 shares, compared to its average volume of 345,767. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 13.49 and a beta of 0.89. Reinsurance Group of America, Incorporated has a 1-year low of $133.13 and a 1-year high of $196.25. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average price of $181.17 and a 200 day moving average price of $166.89.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, topping the consensus estimate of $4.40 by $0.33. The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.57 billion. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. Reinsurance Group of America's revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.99 EPS. On average, analysts predict that Reinsurance Group of America, Incorporated will post 19.46 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Monday, February 12th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 25.32%.

About Reinsurance Group of America

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.