Pinebridge Investments L.P. Acquires 2,596 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Pinebridge Investments L.P. boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,319 shares of the insurance provider's stock after acquiring an additional 2,596 shares during the quarter. Pinebridge Investments L.P.'s holdings in Reinsurance Group of America were worth $3,486,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RGA. Spire Wealth Management grew its holdings in shares of Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Reinsurance Group of America during the fourth quarter worth about $44,000. Versant Capital Management Inc increased its holdings in shares of 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 buying an additional 80 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Reinsurance Group of America by 99.4% in the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after acquiring an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of Reinsurance Group of America in the 4th quarter worth approximately $70,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Evercore ISI decreased their target price 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. UBS Group restated a "neutral" rating and issued 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. Morgan Stanley reduced 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. Royal Bank of Canada reissued 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, Barclays dropped 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 research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $230.15.

Reinsurance Group of America Trading Up 0.6 %

Shares of Reinsurance Group of America stock traded up $1.18 during trading on Tuesday, reaching $191.77. 273,667 shares of the company were exchanged, compared to its average volume of 406,714. The business has a 50-day moving average price of $189.38 and a 200-day moving average price of $208.17. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 17.86 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. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.86%. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

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.