Orion Portfolio Solutions LLC Buys Shares of 9,507 Reinsurance Group of America, Incorporated (NYSE:RGA)

Orion Portfolio Solutions LLC bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,507 shares of the insurance provider's stock, valued at approximately $2,031,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Reinsurance Group of America by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock worth $1,541,121,000 after buying an additional 51,733 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of Reinsurance Group of America by 1.4% in the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock valued at $526,911,000 after acquiring an additional 33,082 shares during the last quarter. Geode Capital Management LLC grew its position in Reinsurance Group of America by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider's stock worth $241,849,000 after acquiring an additional 18,162 shares in the last quarter. Norges Bank bought a new stake in Reinsurance Group of America during the fourth quarter worth approximately $174,082,000. Finally, JPMorgan Chase & Co. raised its position in Reinsurance Group of America by 1.3% during the fourth quarter. JPMorgan Chase & Co. now owns 369,732 shares of the insurance provider's stock valued at $78,986,000 after purchasing an additional 4,779 shares during the period. 95.11% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

RGA has been the subject of a number of recent research reports. Evercore ISI dropped their target price 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. UBS Group reiterated a "neutral" rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Piper Sandler lowered their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their price target for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Reinsurance Group of America currently has an average rating of "Moderate Buy" and a consensus price target of $230.38.

Reinsurance Group of America Trading Down 2.5 %

NYSE:RGA traded down $4.29 during midday trading on Monday, hitting $168.12. The stock had a trading volume of 836,770 shares, compared to its average volume of 405,593. 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 stock has a 50-day moving average of $200.39 and a 200 day moving average of $212.30. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 15.65 and a beta of 0.70. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly 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%. As a group, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS 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 given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) 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.