UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 201 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,812 shares of the insurance provider’s stock after buying an additional 201 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.30% of Reinsurance Group of America worth $43,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Asset Management Inc. boosted its holdings in Reinsurance Group of America by 15.7% during the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock worth $25,297,000 after purchasing an additional 15,289 shares during the last quarter. M&G Plc lifted its position in Reinsurance Group of America by 5.0% during the second quarter. M&G Plc now owns 85,153 shares of the insurance provider’s stock valued at $17,456,000 after purchasing an additional 4,025 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Reinsurance Group of America in the 2nd quarter worth approximately $1,925,000. Insight Wealth Strategies LLC bought a new position in Reinsurance Group of America during the 3rd quarter worth approximately $3,548,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Reinsurance Group of America by 23.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 31,798 shares of the insurance provider’s stock worth $6,527,000 after purchasing an additional 6,144 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $225.85 on Wednesday. The stock has a 50-day simple moving average of $220.52 and a two-hundred day simple moving average of $213.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $14.87 billion, a P/E ratio of 20.74 and a beta of 0.93. Reinsurance Group of America, Incorporated has a fifty-two week low of $157.48 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.31 by $0.82. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $5.57 EPS. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 21.67 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.89 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.58%. Reinsurance Group of America’s payout ratio is 32.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays lifted their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. TD Cowen initiated coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They set a “hold” rating and a $235.00 target price on the stock. Piper Sandler lifted their price objective on Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Raymond James boosted their price objective on Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $227.77.

Insider Buying and Selling

In related news, EVP William L. Hutton sold 1,209 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the transaction, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. This represents a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.37% of the stock is currently owned by company insiders.

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.