Picton Mahoney Asset Management Has $29.89 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Picton Mahoney Asset Management raised its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 20.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,936 shares of the insurance provider's stock after purchasing an additional 23,949 shares during the quarter. Reinsurance Group of America makes up 0.9% of Picton Mahoney Asset Management's holdings, making the stock its 16th biggest position. Picton Mahoney Asset Management owned about 0.21% of Reinsurance Group of America worth $29,894,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. increased its position in Reinsurance Group of America by 15.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider's stock worth $25,297,000 after buying an additional 15,289 shares during the period. Principal Financial Group Inc. increased its position in Reinsurance Group of America by 19.2% during the 4th quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider's stock worth $38,895,000 after buying an additional 29,352 shares during the period. Martin Capital Partners LLC bought a new position in Reinsurance Group of America during the 4th quarter worth $1,788,000. Nordea Investment Management AB increased its position in Reinsurance Group of America by 4.8% during the 4th quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider's stock worth $19,232,000 after buying an additional 4,119 shares during the period. Finally, Pacer Advisors Inc. increased its position in Reinsurance Group of America by 23.8% during the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock worth $3,077,000 after buying an additional 2,768 shares during the period. Institutional investors own 95.11% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RGA shares. JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Morgan Stanley decreased their price target on 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. Evercore ISI decreased their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company raised their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Finally, Piper Sandler decreased their price target on 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. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Reinsurance Group of America presently has an average rating of "Moderate Buy" and a consensus price target of $231.85.

Reinsurance Group of America Price Performance

NYSE:RGA traded up $1.50 during trading hours on Wednesday, hitting $192.12. The company's stock had a trading volume of 427,720 shares, compared to its average volume of 378,516. The stock has a fifty day simple moving average of $208.75 and a 200-day simple moving average of $214.57. The company has a market capitalization of $12.68 billion, a P/E ratio of 17.89 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a twelve month low of $178.84 and a twelve month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results 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 net margin of 3.24% and a return on equity of 14.55%. On average, analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.85%. 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.