HighPoint Advisor Group LLC Makes New Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

HighPoint Advisor Group LLC purchased a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,605 shares of the insurance provider's stock, valued at approximately $512,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Reinsurance Group of America by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock worth $1,541,121,000 after purchasing an additional 51,733 shares during the period. WCM Investment Management LLC boosted its holdings in shares of Reinsurance Group of America by 1.4% during the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock worth $526,911,000 after buying an additional 33,082 shares during the period. Alliancebernstein L.P. grew its stake in Reinsurance Group of America by 389.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock valued at $239,911,000 after buying an additional 893,537 shares during the last quarter. Geode Capital Management LLC raised its holdings in Reinsurance Group of America by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider's stock worth $241,849,000 after acquiring an additional 18,162 shares during the period. Finally, Norges Bank acquired a new position in Reinsurance Group of America during the 4th quarter worth $174,082,000. Institutional investors own 95.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Morgan Stanley dropped their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Evercore ISI dropped their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Piper Sandler dropped their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price target for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America has a consensus rating of "Moderate Buy" and a consensus target price of $230.38.

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Reinsurance Group of America Price Performance

NYSE:RGA traded down $7.14 during trading hours on Monday, reaching $165.26. The company had a trading volume of 253,628 shares, compared to its average volume of 403,355. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $201.62 and a two-hundred day moving average of $212.66. Reinsurance Group of America, Incorporated has a one year low of $150.00 and a one year high of $233.81. The firm has a market capitalization of $10.91 billion, a PE ratio of 15.27 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate 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 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's payout ratio is currently 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.