Leeward Investments LLC MA Lowers Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Leeward Investments LLC MA decreased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,349 shares of the insurance provider's stock after selling 25,418 shares during the quarter. Reinsurance Group of America makes up about 1.0% of Leeward Investments LLC MA's investment portfolio, making the stock its 29th largest position. Leeward Investments LLC MA owned approximately 0.19% of Reinsurance Group of America worth $20,279,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Toth Financial Advisory Corp raised its position in 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 valued at $39,000 after purchasing an additional 70 shares during the last quarter. Tectonic Advisors LLC raised its position in shares of Reinsurance Group of America by 4.3% during the fourth quarter. Tectonic Advisors LLC now owns 1,979 shares of the insurance provider's stock worth $320,000 after acquiring an additional 82 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider's stock worth $25,000 after acquiring an additional 87 shares during the last quarter. Aspire Private Capital LLC raised its position in shares of Reinsurance Group of America by 4.8% during the third quarter. Aspire Private Capital LLC now owns 2,246 shares of the insurance provider's stock worth $326,000 after acquiring an additional 103 shares during the last quarter. Finally, VisionPoint Advisory Group LLC raised its position in shares of Reinsurance Group of America by 116.3% during the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider's stock worth $31,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Insider Buying and Selling

In related news, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America 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 completion of the sale, 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 legal filing with the SEC, which is accessible through the SEC website. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the firm's stock in a transaction 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 owns 13,363 shares in the company, valued at approximately $2,429,927.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Todd C. Larson sold 2,966 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 6,462 shares of company stock valued at $1,162,239. Insiders own 1.37% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of RGA traded down $2.28 during mid-day trading on Friday, reaching $188.78. The company's stock had a trading volume of 429,874 shares, compared to its average volume of 318,230. Reinsurance Group of America, Incorporated has a 1-year low of $133.13 and a 1-year high of $196.25. The stock has a market cap of $12.42 billion, a P/E ratio of 14.06 and a beta of 0.89. The business has a 50-day simple moving average of $184.46 and a two-hundred day simple moving average of $169.41. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48.

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

Reinsurance Group of America Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on RGA. JPMorgan Chase & Co. boosted their target price 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. Keefe, Bruyette & Woods lifted 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. Evercore ISI lifted their price objective on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $193.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. Finally, UBS Group lifted their price objective on Reinsurance Group of America from $198.00 to $223.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $194.38.

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.