Convergence Investment Partners LLC Has $1.30 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Convergence Investment Partners LLC lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 43.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,087 shares of the insurance provider's stock after buying an additional 1,850 shares during the quarter. Convergence Investment Partners LLC's holdings in Reinsurance Group of America were worth $1,300,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in RGA. WCM Investment Management LLC lifted its holdings in Reinsurance Group of America by 1,208.5% in the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider's stock worth $527,742,000 after purchasing an additional 2,260,605 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 purchasing an additional 117,829 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Reinsurance Group of America by 2,791.1% in the 4th quarter. CIBC Asset Management Inc now owns 67,884 shares of the insurance provider's stock worth $14,502,000 after purchasing an additional 65,536 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Reinsurance Group of America in the 3rd quarter worth approximately $11,803,000. Finally, Bank of Montreal Can lifted its holdings in shares of Reinsurance Group of America by 146.2% during the third quarter. Bank of Montreal Can now owns 77,409 shares of the insurance provider's stock worth $16,690,000 after buying an additional 45,972 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

Shares of RGA stock traded down $5.52 during trading hours on Friday, hitting $190.59. 382,398 shares of the company's stock were exchanged, compared to its average volume of 535,428. The stock's 50-day moving average is $215.37 and its 200-day moving average is $216.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 17.71 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 52 week low of $169.08 and a 52 week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 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%. As a group, research analysts forecast that Reinsurance Group of America, Incorporated will post 22.88 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America's payout ratio is 33.15%.

Analysts Set New Price Targets

A number of brokerages have recently commented on RGA. Barclays cut their price target on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Wells Fargo & Company upped their target price on Reinsurance Group of America from $244.00 to $263.00 and gave the company an "overweight" rating in a research note on Wednesday. Piper Sandler cut their target price on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley cut their target price on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and an average price target of $229.54.

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.