Bank of Nova Scotia Has $3.33 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Bank of Nova Scotia increased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 764.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,586 shares of the insurance provider's stock after purchasing an additional 13,782 shares during the quarter. Bank of Nova Scotia's holdings in Reinsurance Group of America were worth $3,330,000 as of its most recent filing with the Securities and Exchange Commission.

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

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded up $1.87 during trading hours on Friday, reaching $184.48. 370,965 shares of the company were exchanged, compared to its average volume of 408,407. The stock has a 50-day moving average of $191.17 and a 200 day moving average of $209.64. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 17.18 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly 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%. As a group, research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.93%. Reinsurance Group of America's dividend payout ratio is 33.15%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RGA. UBS Group reiterated a "neutral" rating and issued a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Morgan Stanley lowered their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Evercore ISI cut their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Piper Sandler dropped their target price on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods lowered their price target on Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.