New Age Alpha Advisors LLC Purchases Shares of 36,773 Reinsurance Group of America, Incorporated (NYSE:RGA)

New Age Alpha Advisors LLC purchased a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 36,773 shares of the insurance provider's stock, valued at approximately $7,856,000. New Age Alpha Advisors LLC owned approximately 0.06% of Reinsurance Group of America at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RGA. Private Trust Co. NA increased its stake in Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after buying an additional 120 shares during the last quarter. Spire Wealth Management grew its holdings in shares of Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 57 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Reinsurance Group of America during the fourth quarter valued at approximately $44,000. Versant Capital Management Inc lifted 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 acquiring an additional 80 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in Reinsurance Group of America in the fourth quarter worth $70,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

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Reinsurance Group of America Price Performance

NYSE RGA traded up $0.98 during trading hours on Tuesday, hitting $197.88. The company had a trading volume of 62,728 shares, compared to its average volume of 398,181. The firm has a 50 day simple moving average of $204.41 and a 200 day simple moving average of $213.44. Reinsurance Group of America, Incorporated has a 52 week low of $178.84 and a 52 week high of $233.81. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of 18.47 and a beta of 0.91. 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 quarterly earnings data 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%. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.80%. Reinsurance Group of America's dividend payout ratio is currently 33.15%.

Analysts Set New Price Targets

RGA has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Morgan Stanley decreased 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 report on Friday, February 14th. Piper Sandler dropped their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada restated an "outperform" rating and set a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $231.85.

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.