Legacy Financial Advisors Inc. Purchases New Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Legacy Financial Advisors Inc. bought a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,877 shares of the insurance provider's stock, valued at approximately $828,000.

A number of other institutional investors also recently made changes to their positions in RGA. Alliancebernstein L.P. increased its holdings in shares of Reinsurance Group of America by 389.4% in the fourth 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 in the last quarter. Norges Bank acquired a new stake in shares of Reinsurance Group of America during the fourth quarter worth $174,082,000. FMR LLC boosted its position in shares of Reinsurance Group of America by 11.1% in the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock valued at $1,205,042,000 after purchasing an additional 564,693 shares during the period. Invesco Ltd. increased its stake in Reinsurance Group of America by 34.4% in the 4th quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider's stock worth $201,802,000 after purchasing an additional 241,669 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Reinsurance Group of America during the 4th quarter worth about $48,724,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Performance

RGA traded up $1.15 during trading on Tuesday, reaching $182.26. 378,434 shares of the company's stock were exchanged, compared to its average volume of 407,759. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The company has a market capitalization of $12.04 billion, a P/E ratio of 16.97 and a beta of 0.70. 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 business has a 50 day moving average price of $192.96 and a 200 day moving average price of $210.25.

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Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced 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 net margin of 3.24% and a return on equity of 14.55%. As a group, analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced 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. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.95%. Reinsurance Group of America's payout ratio is currently 33.15%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. UBS Group reaffirmed a "neutral" rating and set a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Evercore ISI dropped their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Piper Sandler cut their price objective 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, Barclays decreased 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 report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $230.15.

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.