Criterion Capital Advisors LLC Invests $2.17 Million in Reinsurance Group of America, Incorporated (NYSE:RGA)

Criterion Capital Advisors LLC bought a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,383 shares of the insurance provider's stock, valued at approximately $2,165,000. Reinsurance Group of America comprises approximately 1.6% of Criterion Capital Advisors LLC's investment portfolio, making the stock its 17th largest holding.

Other large investors have also bought and sold shares of the company. Lindbrook Capital LLC increased its position in Reinsurance Group of America by 129.9% in the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider's stock valued at $25,000 after buying an additional 87 shares in the last quarter. VisionPoint Advisory Group LLC boosted its stake 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 last quarter. Janiczek Wealth Management LLC lifted its stake in Reinsurance Group of America by 8,400.0% in the third quarter. Janiczek Wealth Management LLC now owns 255 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. Toth Financial Advisory Corp lifted its stake in Reinsurance Group of America by 41.2% in the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider's stock valued at $39,000 after purchasing an additional 70 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Reinsurance Group of America by 47.8% in the first quarter. Parkside Financial Bank & Trust now owns 368 shares of the insurance provider's stock valued at $40,000 after purchasing an additional 119 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Up 2.2 %

Shares of NYSE RGA traded up $4.04 on Friday, reaching $186.52. 517,050 shares of the company's stock traded hands, compared to its average volume of 315,160. Reinsurance Group of America, Incorporated has a 12 month low of $133.13 and a 12 month high of $196.25. The business's 50 day simple moving average is $182.34 and its two-hundred day simple moving average is $167.81. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 13.89 and a beta of 0.89. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the firm earned $2.99 earnings per share. The firm's quarterly revenue was up 14.9% compared to the same quarter last year. As a group, equities research analysts forecast that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.82%. The ex-dividend date was Monday, February 12th. Reinsurance Group of America's dividend payout ratio is currently 25.32%.

Insider Buying and Selling

In related news, EVP William L. Hutton sold 1,588 shares of the firm'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 sale, the executive vice president now owns 13,625 shares in the company, valued at $2,341,183.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William L. Hutton sold 1,588 shares of Reinsurance Group of America stock in a transaction 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 in the company, valued at approximately $2,341,183.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,462 shares of company stock worth $1,162,239. 1.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RGA. Royal Bank of Canada reissued an "outperform" rating and set a $212.00 target price on shares of Reinsurance Group of America in a report on Friday, April 12th. Evercore ISI upped their price target on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, April 11th. Wells Fargo & Company increased their target price on Reinsurance Group of America from $193.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $170.00 to $189.00 and gave the company a "neutral" rating in a research note on Tuesday, April 2nd. Finally, Piper Sandler upped their price target on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the company 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and an average target price of $194.38.

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.