APG Asset Management N.V. Purchases New Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

APG Asset Management N.V. acquired a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,200 shares of the insurance provider's stock, valued at approximately $7,262,000. APG Asset Management N.V. owned about 0.05% of Reinsurance Group of America at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management boosted its holdings in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after purchasing an additional 57 shares during the last quarter. Keybank National Association OH lifted its position in Reinsurance Group of America by 2.6% during the fourth quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock worth $500,000 after buying an additional 59 shares during the period. Inspire Investing LLC boosted its stake in Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock worth $3,039,000 after buying an additional 72 shares during the last quarter. Integrated Investment Consultants LLC grew its holdings in Reinsurance Group of America by 2.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider's stock valued at $715,000 after buying an additional 77 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Remove Ads

Reinsurance Group of America Stock Up 0.6 %

Shares of Reinsurance Group of America stock traded up $1.15 during trading hours on Tuesday, hitting $182.26. 378,434 shares of the company's stock traded hands, compared to its average volume of 407,444. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The stock has a 50 day simple moving average of $192.96 and a 200-day simple moving average of $210.25. The company has a market cap of $12.04 billion, a PE ratio of 16.97 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 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, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.95%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is currently 33.15%.

Wall Street Analyst Weigh In

RGA has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Morgan Stanley cut their target price on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Barclays lowered their price target on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Finally, Piper Sandler cut their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $230.15.

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.