Avanza Fonder AB Makes New $1.01 Million Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

Avanza Fonder AB purchased a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,732 shares of the insurance provider's stock, valued at approximately $1,011,000.

Other hedge funds have also made changes to their positions in the company. WCM Investment Management LLC grew its stake in Reinsurance Group of America by 1,208.5% during the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider's stock valued at $527,742,000 after acquiring an additional 2,260,605 shares in the last quarter. Zurich Insurance Group Ltd FI grew its position in Reinsurance Group of America by 681.8% during the second quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider's stock valued at $104,244,000 after purchasing an additional 442,883 shares in the last quarter. Millennium Management LLC increased its stake in Reinsurance Group of America by 43.8% in the 2nd quarter. Millennium Management LLC now owns 437,266 shares of the insurance provider's stock valued at $89,758,000 after buying an additional 133,212 shares during the period. JPMorgan Chase & Co. lifted its position in Reinsurance Group of America by 47.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider's stock worth $79,512,000 after buying an additional 117,829 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at $11,803,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RGA. Raymond James upped their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, September 24th. Royal Bank of Canada raised their price target on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. TD Cowen initiated coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They set a "hold" rating and a $235.00 price target for the company. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, Piper Sandler lifted their target price 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 issued a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America has an average rating of "Moderate Buy" and an average target price of $228.31.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA traded down $0.70 during midday trading on Monday, hitting $223.16. The company's stock had a trading volume of 243,927 shares, compared to its average volume of 420,285. Reinsurance Group of America, Incorporated has a fifty-two week low of $163.81 and a fifty-two week high of $233.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market capitalization of $14.70 billion, a price-to-earnings ratio of 20.49 and a beta of 0.94. The stock's 50 day simple moving average is $219.83 and its 200 day simple moving average is $215.94.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the previous year, the business posted $5.57 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.4 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.69%.

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.