40,590 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,590 shares of the insurance provider's stock, valued at approximately $8,671,000. Proficio Capital Partners LLC owned 0.06% of Reinsurance Group of America at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA lifted its position in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock worth $34,000 after purchasing an additional 120 shares in the last quarter. Strengthening Families & Communities LLC acquired a new stake in shares of Reinsurance Group of America during the third quarter worth $36,000. Spire Wealth Management lifted 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 purchasing an additional 57 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America during the 4th quarter worth approximately $44,000. Finally, Versant Capital Management Inc boosted 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 purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have commented on RGA shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Morgan Stanley lowered their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Evercore ISI cut their target price on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Piper Sandler reduced 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 note on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Three 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.85.

Reinsurance Group of America Trading Up 0.8 %

Shares of NYSE:RGA traded up $1.50 during mid-day trading on Wednesday, hitting $192.12. The company had a trading volume of 288,967 shares, compared to its average volume of 518,651. The company has a market capitalization of $12.68 billion, a PE ratio of 17.89 and a beta of 0.91. The firm has a fifty day moving average price of $208.75 and a 200 day moving average price of $214.57. 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 one year low of $178.84 and a one year high of $233.81.

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 earnings per share (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%. As a group, research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a 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 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.