Lecap Asset Management Ltd. Boosts Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Lecap Asset Management Ltd. boosted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 103.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,825 shares of the insurance provider's stock after acquiring an additional 1,435 shares during the period. Lecap Asset Management Ltd.'s holdings in Reinsurance Group of America were worth $604,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Reinsurance Group of America by 8.9% during the 3rd quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider's stock valued at $133,000 after buying an additional 50 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in Reinsurance Group of America by 1.2% during the third quarter. Resonant Capital Advisors LLC now owns 4,368 shares of the insurance provider's stock valued at $952,000 after acquiring an additional 53 shares during the period. Spire Wealth Management lifted its position 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. Baron Wealth Management LLC boosted its stake in shares of Reinsurance Group of America by 4.5% in the third quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider's stock worth $324,000 after acquiring an additional 64 shares during the period. Finally, Tectonic Advisors LLC grew its position in shares of Reinsurance Group of America by 3.0% during the third quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider's stock worth $514,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analysts Set New Price Targets

RGA has been the subject of several recent analyst reports. Barclays dropped their price target on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their target price on shares of 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. 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. Piper Sandler dropped their price objective 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. Finally, StockNews.com raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $228.31.

Reinsurance Group of America Trading Down 1.8 %

Shares of NYSE RGA traded down $3.57 during trading hours on Tuesday, hitting $196.98. 1,080,104 shares of the company traded hands, compared to its average volume of 494,404. The company's 50 day moving average price is $218.19 and its 200 day moving average price is $217.27. Reinsurance Group of America, Incorporated has a 12 month low of $165.38 and a 12 month high of $233.81. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 18.34 and a beta of 0.93. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share 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 14.80%. On average, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 23.14 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is currently 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.