Jupiter Asset Management Ltd. Has $9.80 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Jupiter Asset Management Ltd. lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 41.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,889 shares of the insurance provider's stock after selling 32,905 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.07% of Reinsurance Group of America worth $9,803,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA lifted its stake in Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after acquiring an additional 120 shares during the last quarter. Strengthening Families & Communities LLC bought a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at about $36,000. Spire Wealth Management lifted its stake in Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Reinsurance Group of America during the fourth quarter worth about $44,000. Finally, Versant Capital Management Inc grew its holdings in 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 worth $62,000 after purchasing an additional 80 shares during the period. Institutional investors own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RGA. Piper Sandler cut their price objective on 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. Wells Fargo & Company raised their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Evercore ISI reduced their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday. Barclays dropped their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Finally, 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 report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and an average target price of $231.85.

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Reinsurance Group of America Stock Performance

Shares of RGA traded up $1.32 during mid-day trading on Monday, hitting $192.82. 371,596 shares of the company's stock were exchanged, compared to its average volume of 528,226. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 52 week low of $178.84 and a 52 week high of $233.81. The stock's 50-day simple moving average is $209.88 and its 200-day simple moving average is $214.95. The firm has a market cap of $12.73 billion, a price-to-earnings ratio of 17.95 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data 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 research analysts expect 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. Investors 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 1.85%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 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.