Reinsurance Group of America, Incorporated (NYSE:RGA) Short Interest Down 26.1% in April

Reinsurance Group of America, Incorporated (NYSE:RGA) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 379,300 shares, a decrease of 26.1% from the March 31st total of 513,100 shares. Based on an average daily trading volume, of 351,800 shares, the short-interest ratio is currently 1.1 days. Currently, 0.6% of the shares of the stock are sold short.

Insider Buying and Selling at Reinsurance Group of America

In other 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 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 filing with the SEC, which is accessible through this hyperlink. In related news, EVP William L. Hutton sold 1,908 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of 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 Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the sale, 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. Over the last 90 days, insiders have sold 6,462 shares of company stock valued at $1,162,239. Corporate insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Reinsurance Group of America

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its holdings in Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 87 shares during the last quarter. Pineridge Advisors LLC acquired a new position in Reinsurance Group of America in the 4th quarter valued at $26,000. Rise Advisors LLC bought a new position in Reinsurance Group of America in the 1st quarter worth $29,000. VisionPoint Advisory Group LLC lifted its position in Reinsurance Group of America by 116.3% during the 3rd 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. Finally, Toth Financial Advisory Corp lifted its position in Reinsurance Group of America by 41.2% during the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 70 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RGA. Keefe, Bruyette & Woods lifted their price objective on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. UBS Group upped their price target on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Piper Sandler raised their price objective on Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Wells Fargo & Company upped their target price on Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Evercore ISI raised their price target on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $194.38.

Reinsurance Group of America Price Performance

NYSE RGA opened at $188.78 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $12.42 billion, a PE ratio of 14.06 and a beta of 0.89. Reinsurance Group of America has a 12-month low of $133.13 and a 12-month high of $196.25. The company has a 50 day moving average price of $184.46 and a two-hundred day moving average price of $169.25.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the previous year, the business earned $2.99 EPS. Reinsurance Group of America’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, equities analysts predict that Reinsurance Group of America will post 19.41 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

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

Reinsurance Group of America Company 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.