Invesco Ltd. Purchases 241,669 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Invesco Ltd. raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 34.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 944,635 shares of the insurance provider's stock after buying an additional 241,669 shares during the period. Invesco Ltd. owned about 1.43% of Reinsurance Group of America worth $201,802,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in RGA. Public Employees Retirement System of Ohio lifted its stake in Reinsurance Group of America by 22.2% in the third quarter. Public Employees Retirement System of Ohio now owns 42,520 shares of the insurance provider's stock valued at $9,264,000 after buying an additional 7,714 shares during the period. Barclays PLC raised its holdings in Reinsurance Group of America by 5.5% in the third quarter. Barclays PLC now owns 102,790 shares of the insurance provider's stock worth $22,396,000 after purchasing an additional 5,398 shares during the period. Geode Capital Management LLC increased its position in shares of 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 valued at $241,849,000 after buying an additional 18,162 shares in the last quarter. Invst LLC acquired a new position in shares of Reinsurance Group of America in the 3rd quarter valued at approximately $229,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of Reinsurance Group of America by 2.4% during the third quarter. Sanctuary Advisors LLC now owns 10,443 shares of the insurance provider's stock worth $2,409,000 after acquiring an additional 246 shares during the period. Institutional investors own 95.11% of the company's stock.

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Wall Street Analyst Weigh In

RGA has been the subject of a number of research reports. Evercore ISI dropped their target price 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 cut their price objective on shares of Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Piper Sandler decreased 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 research report on Monday, February 10th. Morgan Stanley reduced their price objective 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. Finally, JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Three equities research 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $230.15.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock traded up $1.15 during midday trading on Tuesday, reaching $182.26. The company's stock had a trading volume of 378,434 shares, compared to its average volume of 407,759. The business has a 50-day moving average price of $192.96 and a 200-day moving average price of $210.25. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The stock has a market cap of $12.04 billion, a PE ratio of 16.97 and a beta of 0.70.

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 for the quarter, missing the consensus estimate 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%. On average, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 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.