JPMorgan Chase & Co. Has $78.99 Million Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

JPMorgan Chase & Co. boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 369,732 shares of the insurance provider's stock after buying an additional 4,779 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.56% of Reinsurance Group of America worth $78,986,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Spire Wealth Management increased its holdings in Reinsurance Group of America by 39.0% in the fourth 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 last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Reinsurance Group of America during the 4th quarter worth $44,000. Versant Capital Management Inc lifted its stake in shares of Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 80 shares during the last quarter. Private Trust Co. NA boosted its holdings in 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 worth $66,000 after purchasing an additional 155 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Reinsurance Group of America during the fourth quarter worth $70,000. Institutional investors and hedge funds own 95.11% of the company's stock.

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Reinsurance Group of America Trading Down 0.5 %

RGA traded down $0.82 during mid-day trading on Tuesday, reaching $167.50. The stock had a trading volume of 440,896 shares, compared to its average volume of 406,382. The firm's fifty day simple moving average is $197.91 and its two-hundred day simple moving average is $211.63. The stock has a market capitalization of $11.06 billion, a P/E ratio of 15.60 and a beta of 0.70. 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 debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

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

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's payout ratio is currently 33.15%.

Analyst Ratings Changes

RGA has been the topic of several analyst reports. UBS Group reiterated a "neutral" rating and set a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Barclays cut their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. raised Reinsurance Group of America from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Evercore ISI cut their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $245.00 price objective 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $230.38.

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.