Federated Hermes Inc. Purchases 18,412 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Federated Hermes Inc. lifted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 449,638 shares of the insurance provider's stock after purchasing an additional 18,412 shares during the quarter. Federated Hermes Inc. owned about 0.68% of Reinsurance Group of America worth $96,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Benjamin Edwards Inc. bought a new position in shares of Reinsurance Group of America during the third quarter valued at $427,000. Hilltop Holdings Inc. purchased a new position in Reinsurance Group of America in the third quarter worth about $228,000. HighTower Advisors LLC lifted its stake in shares of Reinsurance Group of America by 13.3% in the third quarter. HighTower Advisors LLC now owns 51,855 shares of the insurance provider's stock worth $11,266,000 after buying an additional 6,101 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Reinsurance Group of America by 18.7% during the third quarter. Quantinno Capital Management LP now owns 20,478 shares of the insurance provider's stock valued at $4,462,000 after acquiring an additional 3,226 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in Reinsurance Group of America by 91.7% in the 3rd quarter. MML Investors Services LLC now owns 33,321 shares of the insurance provider's stock valued at $7,260,000 after acquiring an additional 15,943 shares in the last quarter. Institutional investors own 95.11% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating for the company in a research note on Thursday. Morgan Stanley cut their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Barclays reduced their target price on shares of 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. Keefe, Bruyette & Woods reduced their target price on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, UBS Group reaffirmed a "neutral" rating and set a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America has an average rating of "Moderate Buy" and a consensus target price of $230.15.

Reinsurance Group of America Trading Up 2.4 %

RGA traded up $4.19 on Friday, hitting $177.76. The company had a trading volume of 557,958 shares, compared to its average volume of 407,418. The company has a market cap of $11.74 billion, a PE ratio of 16.55 and a beta of 0.70. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The business's fifty day simple moving average is $193.93 and its 200 day simple moving average is $210.55. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share 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%. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 2.00%. Reinsurance Group of America's payout ratio is 33.15%.

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.