Diversified Trust Co Has $606,000 Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Diversified Trust Co lowered its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,837 shares of the insurance provider’s stock after selling 280 shares during the period. Diversified Trust Co’s holdings in Reinsurance Group of America were worth $606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Armstrong Advisory Group Inc. acquired a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC acquired a new position in Reinsurance Group of America during the third quarter worth $34,000. Private Trust Co. NA boosted its stake in shares of Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 120 shares in the last quarter. Strengthening Families & Communities LLC bought a new stake in shares of Reinsurance Group of America in the 3rd quarter worth about $36,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter worth about $37,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays lowered their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. TD Cowen initiated coverage on shares of Reinsurance Group of America in a research report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective for the company. Finally, Piper Sandler increased their price target on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus target price of $228.31.

Reinsurance Group of America Price Performance

Shares of RGA opened at $216.44 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The stock has a market cap of $14.26 billion, a P/E ratio of 19.88 and a beta of 0.94. The stock’s 50-day moving average price is $219.68 and its two-hundred day moving average price is $215.26. Reinsurance Group of America, Incorporated has a 1 year low of $163.81 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.57 earnings per share. On average, equities analysts predict that Reinsurance Group of America, Incorporated will post 21.67 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid 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 1.64%. Reinsurance Group of America’s payout ratio is 32.69%.

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.