LSV Asset Management Has $48.05 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

LSV Asset Management raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 224,900 shares of the insurance provider's stock after acquiring an additional 4,560 shares during the quarter. LSV Asset Management owned approximately 0.34% of Reinsurance Group of America worth $48,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management raised its stake in Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 57 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Reinsurance Group of America in the fourth quarter valued at about $44,000. Versant Capital Management Inc lifted its stake in shares of Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after buying an additional 80 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Reinsurance Group of America by 99.4% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock worth $66,000 after buying an additional 155 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in Reinsurance Group of America in the 4th quarter valued at about $70,000. Institutional investors own 95.11% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RGA. Piper Sandler reduced their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Royal Bank of Canada restated 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. Evercore ISI decreased their price objective 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 reissued a "neutral" rating and set a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $230.15.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA traded up $1.15 during midday trading on Tuesday, hitting $182.26. The stock had a trading volume of 378,434 shares, compared to its average volume of 407,444. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $12.04 billion, a P/E ratio of 16.97 and a beta of 0.70. The company's 50-day moving average price is $192.96 and its 200-day moving average price is $210.25. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data 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 14.55%. As a group, equities research analysts predict 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 $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.95%. 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.