Essential Planning LLC. Buys New Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Essential Planning LLC. purchased a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,605 shares of the insurance provider's stock, valued at approximately $1,658,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Asset Management Inc. grew its stake in Reinsurance Group of America by 15.7% in the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider's stock valued at $25,297,000 after purchasing an additional 15,289 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Reinsurance Group of America by 19.2% in the 4th quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider's stock worth $38,895,000 after buying an additional 29,352 shares during the last quarter. Martin Capital Partners LLC bought a new position in shares of Reinsurance Group of America during the 4th quarter worth approximately $1,788,000. Nordea Investment Management AB lifted its position in Reinsurance Group of America by 4.8% during the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider's stock valued at $19,232,000 after acquiring an additional 4,119 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Reinsurance Group of America by 23.8% in the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock valued at $3,077,000 after acquiring an additional 2,768 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

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Reinsurance Group of America Price Performance

RGA traded up $5.97 during trading on Friday, hitting $191.98. The company's stock had a trading volume of 418,938 shares, compared to its average volume of 531,419. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 17.88 and a beta of 0.91. Reinsurance Group of America, Incorporated has a twelve month low of $178.84 and a twelve month high of $233.81. The business's fifty day simple moving average is $209.88 and its 200 day simple moving average is $214.98. 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 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%. On average, equities research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's payout ratio is 33.15%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RGA shares. JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Evercore ISI lowered their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday. Morgan Stanley cut their price objective 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. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Finally, Piper Sandler decreased their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $231.85.

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.