Allspring Global Investments Holdings LLC Raises Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Allspring Global Investments Holdings LLC raised its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,185 shares of the insurance provider's stock after purchasing an additional 6,612 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.24% of Reinsurance Group of America worth $34,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RGA. Lester Murray Antman dba SimplyRich raised its holdings in shares of Reinsurance Group of America by 24.2% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 2,257 shares of the insurance provider's stock valued at $482,000 after buying an additional 440 shares during the period. Schear Investment Advisers LLC purchased a new stake in shares of Reinsurance Group of America in the 4th quarter valued at $231,000. Kestra Private Wealth Services LLC raised its holdings in shares of Reinsurance Group of America by 127.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 3,662 shares of the insurance provider's stock valued at $782,000 after buying an additional 2,052 shares during the period. Stephens Inc. AR purchased a new stake in shares of Reinsurance Group of America in the 4th quarter valued at $282,000. Finally, WCM Investment Management LLC raised 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 buying an additional 33,082 shares during the period. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock traded up $2.27 on Tuesday, hitting $201.23. The stock had a trading volume of 212,234 shares, compared to its average volume of 524,723. Reinsurance Group of America, Incorporated has a 52-week low of $167.80 and a 52-week high of $233.81. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The stock has a market cap of $13.25 billion, a price-to-earnings ratio of 18.76 and a beta of 0.93. The company's 50 day moving average price is $216.09 and its 200 day moving average price is $216.45.

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 for the quarter, missing the consensus estimate 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, research analysts anticipate that Reinsurance Group of America, Incorporated will post 23.14 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is presently 33.15%.

Analysts Set New Price Targets

Several research firms recently issued reports on RGA. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Morgan Stanley lowered their target price on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research note on Friday. Piper Sandler lowered their target price on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Royal Bank of Canada reissued an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, Barclays lowered their target price 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. Three research 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. Based on data from MarketBeat, Reinsurance Group of America presently has an average rating of "Moderate Buy" and a consensus target price of $228.08.

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.