National Bank of Canada FI Has $6.27 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

National Bank of Canada FI lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 10,415.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,339 shares of the insurance provider's stock after buying an additional 29,060 shares during the quarter. National Bank of Canada FI's holdings in Reinsurance Group of America were worth $6,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Benjamin Edwards Inc. acquired a new position in Reinsurance Group of America during the 3rd quarter worth $427,000. Hilltop Holdings Inc. acquired a new position in shares of Reinsurance Group of America during the 3rd quarter worth about $228,000. HighTower Advisors LLC boosted its stake in Reinsurance Group of America by 13.3% during the 3rd quarter. HighTower Advisors LLC now owns 51,855 shares of the insurance provider's stock valued at $11,266,000 after purchasing an additional 6,101 shares during the period. Quantinno Capital Management LP grew its holdings in Reinsurance Group of America by 18.7% in the 3rd quarter. Quantinno Capital Management LP now owns 20,478 shares of the insurance provider's stock valued at $4,462,000 after buying an additional 3,226 shares during the last quarter. Finally, MML Investors Services LLC increased its position in Reinsurance Group of America by 91.7% in the 3rd quarter. MML Investors Services LLC now owns 33,321 shares of the insurance provider's stock worth $7,260,000 after buying an additional 15,943 shares during the period. 95.11% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on RGA shares. Evercore ISI lowered their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Piper Sandler decreased their price target 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. Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, Wells Fargo & Company lowered their price target on Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $230.15.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded up $4.19 during midday trading on Friday, hitting $177.76. 557,958 shares of the company were exchanged, compared to its average volume of 407,418. The firm has a 50 day simple moving average of $193.93 and a 200-day simple moving average of $210.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The firm has a market cap of $11.74 billion, a P/E ratio of 16.55 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.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS 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%. Research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share 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 issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's payout ratio is 33.15%.

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.