Hancock Whitney Corp Buys 33,803 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Hancock Whitney Corp raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 72.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 80,231 shares of the insurance provider's stock after acquiring an additional 33,803 shares during the period. Hancock Whitney Corp owned approximately 0.12% of Reinsurance Group of America worth $17,140,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alliancebernstein L.P. boosted its stake in Reinsurance Group of America by 389.4% during the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock valued at $239,911,000 after purchasing an additional 893,537 shares during the last quarter. Norges Bank bought a new position in shares of Reinsurance Group of America in the fourth quarter valued at approximately $174,082,000. FMR LLC boosted its position in shares of Reinsurance Group of America by 11.1% during the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock valued at $1,205,042,000 after buying an additional 564,693 shares during the last quarter. Invesco Ltd. grew its holdings in Reinsurance Group of America by 34.4% during the fourth quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider's stock worth $201,802,000 after buying an additional 241,669 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Reinsurance Group of America in the 4th quarter valued at $48,724,000. Institutional investors own 95.11% of the company's stock.

Analyst Ratings Changes

RGA has been the topic of a number of 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 research note on Friday, February 14th. Piper Sandler reduced their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Royal Bank of Canada restated an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods decreased their price target on Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Three equities 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $230.15.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA traded down $3.56 during trading on Friday, reaching $187.99. 411,536 shares of the stock traded hands, compared to its average volume of 407,677. The company has a 50-day moving average of $189.55 and a 200-day moving average of $208.39. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The stock has a market capitalization of $12.42 billion, a P/E ratio of 17.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results 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 return on equity of 14.55% and a net margin of 3.24%. Analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.89%. Reinsurance Group of America's dividend payout ratio is 33.15%.

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.