13,305 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Bought by Monument Capital Management

Monument Capital Management bought a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,305 shares of the insurance provider's stock, valued at approximately $2,152,000.

Several other hedge funds have also bought and sold shares of RGA. Vanguard Group Inc. boosted its holdings in shares of Reinsurance Group of America by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider's stock worth $1,067,264,000 after buying an additional 110,877 shares during the period. American Century Companies Inc. increased its stake in shares of Reinsurance Group of America by 7.3% during the third quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider's stock worth $378,288,000 after purchasing an additional 177,299 shares during the period. Earnest Partners LLC lifted its holdings in Reinsurance Group of America by 2.7% during the 3rd quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider's stock worth $344,257,000 after purchasing an additional 62,045 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Reinsurance Group of America by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 918,023 shares of the insurance provider's stock worth $133,288,000 after purchasing an additional 13,229 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Reinsurance Group of America by 33.5% in the 3rd quarter. AQR Capital Management LLC now owns 709,359 shares of the insurance provider's stock valued at $102,992,000 after purchasing an additional 177,812 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP William L. Hutton sold 1,908 shares of the firm's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the completion of the transaction, the executive vice president now directly owns 13,363 shares in the company, valued at $2,429,927.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Todd C. Larson sold 2,966 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares in the company, valued at $9,061,521.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,462 shares of company stock valued at $1,162,239. Insiders own 1.31% of the company's stock.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded up $2.31 during midday trading on Monday, hitting $188.83. 313,248 shares of the company traded hands, compared to its average volume of 347,951. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 14.06 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. The firm's fifty day moving average price is $182.34 and its 200-day moving average price is $167.99. Reinsurance Group of America, Incorporated has a 12 month low of $133.13 and a 12 month high of $196.25.

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 (EPS) for the quarter, topping the consensus estimate of $4.40 by $0.33. The company had revenue of $5.01 billion during 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 company's revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.99 earnings per share. As a group, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 annualized dividend and a yield of 1.80%. Reinsurance Group of America's dividend payout ratio is presently 25.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their target price on Reinsurance Group of America from $198.00 to $223.00 and gave the stock a "buy" rating in a report on Wednesday, April 10th. Piper Sandler boosted 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 report on Friday, April 5th. JPMorgan Chase & Co. boosted their price target 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. Keefe, Bruyette & Woods raised their price objective on Reinsurance Group of America from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $212.00 target price on shares of Reinsurance Group of America in a research report on Friday, April 12th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.