Triasima Portfolio Management inc. Raises Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Triasima Portfolio Management inc. boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.1% during the second quarter, HoldingsChannel reports. The firm owned 2,218 shares of the insurance provider’s stock after buying an additional 308 shares during the period. Triasima Portfolio Management inc.’s holdings in Reinsurance Group of America were worth $455,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RGA. Pineridge Advisors LLC bought a new position in shares of Reinsurance Group of America in the 4th quarter worth $26,000. New Covenant Trust Company N.A. bought a new position in Reinsurance Group of America in the first quarter valued at $28,000. International Assets Investment Management LLC purchased a new stake in Reinsurance Group of America during the second quarter valued at about $28,000. Rise Advisors LLC bought a new stake in Reinsurance Group of America during the first quarter worth about $29,000. Finally, Family Firm Inc. purchased a new position in shares of Reinsurance Group of America in the 2nd quarter worth about $29,000. 95.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RGA shares. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $208.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Evercore ISI boosted their price objective on shares of Reinsurance Group of America from $225.00 to $241.00 and gave the stock an “outperform” rating in a report on Wednesday, June 26th. Barclays began coverage on shares of Reinsurance Group of America in a research note on Wednesday. They issued an “overweight” rating and a $255.00 price objective for the company. Jefferies Financial Group lifted their target price on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Piper Sandler upped their price target on shares of Reinsurance Group of America from $228.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $223.33.

Reinsurance Group of America Trading Down 1.9 %

NYSE:RGA traded down $4.20 during mid-day trading on Friday, reaching $212.24. 202,247 shares of the company’s stock traded hands, compared to its average volume of 247,840. The company has a 50 day moving average price of $211.40 and a 200-day moving average price of $200.59. The firm has a market capitalization of $13.98 billion, a price-to-earnings ratio of 16.49 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 12-month low of $138.61 and a 12-month high of $227.87.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the company earned $4.40 EPS. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 21.5 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were given a dividend of $0.89 per share. The ex-dividend date was Friday, August 9th. This represents a $3.56 annualized dividend and a dividend yield of 1.68%. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.85. Reinsurance Group of America’s payout ratio is currently 27.66%.

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.