Parkside Financial Bank & Trust Sells 83 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Parkside Financial Bank & Trust lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 470 shares of the insurance provider’s stock after selling 83 shares during the period. Parkside Financial Bank & Trust’s holdings in Reinsurance Group of America were worth $76,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aspire Private Capital LLC raised its stake in shares of Reinsurance Group of America by 4.7% during the fourth quarter. Aspire Private Capital LLC now owns 2,351 shares of the insurance provider’s stock valued at $380,000 after acquiring an additional 105 shares in the last quarter. California Public Employees Retirement System raised its stake in Reinsurance Group of America by 65.5% in the fourth quarter. California Public Employees Retirement System now owns 219,152 shares of the insurance provider’s stock worth $35,454,000 after buying an additional 86,698 shares in the last quarter. Monument Capital Management bought a new position in Reinsurance Group of America in the fourth quarter worth approximately $2,152,000. CWM LLC raised its stake in Reinsurance Group of America by 34.5% in the fourth quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $149,000 after buying an additional 237 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new position in Reinsurance Group of America in the fourth quarter worth approximately $2,165,000. Institutional investors own 95.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on RGA shares. Piper Sandler boosted their price objective on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $212.00 price target on shares of Reinsurance Group of America in a report on Friday, April 12th. Morgan Stanley lifted their price target on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. boosted their price objective on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, Evercore ISI boosted their price objective on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.38.

Reinsurance Group of America Trading Up 0.0 %

Shares of Reinsurance Group of America stock opened at $191.02 on Friday. The firm has a market capitalization of $12.57 billion, a PE ratio of 14.22 and a beta of 0.89. Reinsurance Group of America, Incorporated has a twelve month low of $133.13 and a twelve month high of $196.25. The firm’s 50-day moving average price is $184.07 and its 200 day moving average price is $168.94. 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) last issued its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.40 by $0.33. The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.57 billion. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. Reinsurance Group of America’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company posted $2.99 EPS. On average, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were issued a $0.85 dividend. The ex-dividend date was Monday, February 12th. This represents a $3.40 dividend on an annualized basis and a yield of 1.78%. Reinsurance Group of America’s payout ratio is 25.32%.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of the stock in a transaction dated 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 approximately $9,061,521.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Todd C. Larson sold 2,966 shares of the firm’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 transaction of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William L. Hutton sold 1,908 shares of the firm’s 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 sale, the executive vice president now owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,462 shares of company stock worth $1,162,239. Insiders own 1.37% of the company’s stock.

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.