Freedom Day Solutions LLC Buys Shares of 8,970 Reinsurance Group of America, Incorporated (NYSE:RGA)

Freedom Day Solutions LLC acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,970 shares of the insurance provider's stock, valued at approximately $1,916,000.

Several other institutional investors have also recently made changes to their positions in the business. Global Retirement Partners LLC lifted its stake in shares of Reinsurance Group of America by 69.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,312 shares of the insurance provider's stock worth $280,000 after purchasing an additional 539 shares during the period. Convergence Investment Partners LLC lifted its stake in shares of Reinsurance Group of America by 43.7% in the 4th quarter. Convergence Investment Partners LLC now owns 6,087 shares of the insurance provider's stock worth $1,300,000 after purchasing an additional 1,850 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Reinsurance Group of America in the 4th quarter worth approximately $124,000. Kestra Investment Management LLC purchased a new stake in Reinsurance Group of America in the 4th quarter worth approximately $70,000. Finally, Venturi Wealth Management LLC increased its holdings in Reinsurance Group of America by 953.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,349 shares of the insurance provider's stock worth $502,000 after acquiring an additional 2,126 shares in the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Down 3.2 %

RGA traded down $6.20 during trading on Friday, reaching $189.91. The company had a trading volume of 414,837 shares, compared to its average volume of 535,984. The stock has a market cap of $12.51 billion, a P/E ratio of 17.70 and a beta of 0.93. The business has a 50 day simple moving average of $215.37 and a 200-day simple moving average of $216.15. Reinsurance Group of America, Incorporated has a 52 week low of $169.08 and a 52 week high of $233.81. 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 issued 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 return on equity of 14.55% and a net margin of 3.24%. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.88 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America's payout ratio is currently 33.15%.

Analyst Ratings Changes

RGA has been the subject of several analyst reports. Morgan Stanley reduced 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 report on Friday, February 14th. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $244.00 to $263.00 and gave the stock an "overweight" rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Piper Sandler reduced their target price 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. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Reinsurance Group of America presently has an average rating of "Moderate Buy" and a consensus price target of $229.54.

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.