Barclays PLC Boosts Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Barclays PLC lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 69.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,049 shares of the insurance provider's stock after acquiring an additional 71,259 shares during the quarter. Barclays PLC owned approximately 0.26% of Reinsurance Group of America worth $37,184,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RGA. Invst LLC bought a new stake in shares of Reinsurance Group of America during the 3rd quarter worth $229,000. Wilmington Savings Fund Society FSB purchased a new stake in Reinsurance Group of America during the third quarter worth about $293,000. Franklin Resources Inc. raised its position in Reinsurance Group of America by 7.9% in the third quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider's stock worth $16,862,000 after acquiring an additional 5,699 shares during the period. Retirement Systems of Alabama boosted its stake in Reinsurance Group of America by 9.2% in the third quarter. Retirement Systems of Alabama now owns 161,301 shares of the insurance provider's stock valued at $35,143,000 after acquiring an additional 13,596 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $219,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore ISI dropped their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. raised Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their price target for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. UBS Group reissued a "neutral" rating and issued a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Piper Sandler dropped their price objective 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $230.15.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded up $4.30 on Wednesday, hitting $191.13. 58,414 shares of the company traded hands, compared to its average volume of 405,897. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The firm's 50-day simple moving average is $190.19 and its 200 day simple moving average is $208.89. The company has a market cap of $12.63 billion, a P/E ratio of 17.80 and a beta of 0.70. 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 (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.86%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is currently 33.15%.

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.