Everpar Advisors LLC Acquires New Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Everpar Advisors LLC acquired a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,709 shares of the insurance provider’s stock, valued at approximately $276,000.

A number of other large investors also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Reinsurance Group of America by 54.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,418 shares of the insurance provider’s stock worth $932,000 after buying an additional 2,267 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Reinsurance Group of America by 1.5% in 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 buying an additional 13,229 shares during the period. Mackenzie Financial Corp raised its position in shares of Reinsurance Group of America by 47.5% in the 3rd quarter. Mackenzie Financial Corp now owns 12,880 shares of the insurance provider’s stock worth $1,833,000 after acquiring an additional 4,148 shares in the last quarter. Advisor Partners II LLC raised its position in shares of Reinsurance Group of America by 15.7% in the 3rd quarter. Advisor Partners II LLC now owns 5,999 shares of the insurance provider’s stock worth $871,000 after acquiring an additional 814 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Reinsurance Group of America by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,536 shares of the insurance provider’s stock worth $3,127,000 after acquiring an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Reinsurance Group of America from $193.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Evercore ISI boosted their price target on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods boosted their price target on Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday. Royal Bank of Canada reaffirmed 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. Finally, Morgan Stanley upped their target price on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and a consensus price target of $196.00.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,588 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was 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 $2,341,183.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd C. Larson sold 2,966 shares of the stock in a transaction that occurred 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. Insiders have sold 6,462 shares of company stock worth $1,162,239 over the last quarter. 1.37% of the stock is currently owned by insiders.

Reinsurance Group of America Stock Performance

Shares of RGA stock traded up $4.52 during mid-day trading on Wednesday, reaching $207.74. The stock had a trading volume of 410,184 shares, compared to its average volume of 364,452. The business’s fifty day moving average is $188.33 and its 200-day moving average is $172.07. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 16.14 and a beta of 0.88. Reinsurance Group of America, Incorporated has a 1-year low of $135.07 and a 1-year high of $208.39.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $4.55 by $1.47. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. The business had revenue of $6.34 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the company earned $5.16 earnings per share. On average, research 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be paid a $0.85 dividend. The ex-dividend date is Monday, May 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.64%. Reinsurance Group of America’s payout ratio is 26.42%.

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.