Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,113,872 shares of the insurance provider's stock after acquiring an additional 4,106 shares during the quarter. Geode Capital Management LLC owned about 1.69% of Reinsurance Group of America worth $238,031,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Spire Wealth Management lifted its holdings in shares of Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after buying an additional 57 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Reinsurance Group of America during the fourth quarter valued at about $44,000. Versant Capital Management Inc grew its holdings in shares of Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after buying an additional 80 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Reinsurance Group of America by 99.4% in the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after purchasing an additional 155 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in Reinsurance Group of America during the 4th quarter valued at approximately $70,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Reinsurance Group of America Stock Down 5.7 %

RGA traded down $10.37 on Thursday, hitting $171.53. 83,796 shares of the company were exchanged, compared to its average volume of 510,218. 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, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 15.97 and a beta of 0.70. The firm has a 50-day moving average price of $196.00 and a two-hundred day moving average price of $211.15.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 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 predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed 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 2.08%. Reinsurance Group of America's dividend payout ratio is presently 33.15%.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group reaffirmed a "neutral" rating and set a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Piper Sandler decreased their price objective on 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. Evercore ISI lowered 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. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Finally, Morgan Stanley lowered their price objective on 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. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Reinsurance Group of America currently has an average rating of "Moderate Buy" and a consensus target price of $231.54.

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.