Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 351.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,994 shares of the insurance provider's stock after purchasing an additional 37,359 shares during the period. Hsbc Holdings PLC owned approximately 0.07% of Reinsurance Group of America worth $10,239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management boosted its holdings in Reinsurance Group of America by 39.0% during 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. Keybank National Association OH lifted its position in shares of Reinsurance Group of America by 2.6% during the fourth quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock worth $500,000 after purchasing an additional 59 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Reinsurance Group of America by 0.5% in the fourth quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock valued at $3,039,000 after purchasing an additional 72 shares during the period. Integrated Investment Consultants LLC grew its holdings in shares of Reinsurance Group of America by 2.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider's stock valued at $715,000 after purchasing an additional 77 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in 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 period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Down 1.9 %

RGA opened at $187.99 on Monday. The stock has a market capitalization of $12.42 billion, a P/E ratio of 17.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The business's 50-day simple moving average is $189.55 and its 200-day simple moving average is $208.35.

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 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%. Analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's payout ratio is currently 33.15%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RGA shares. Piper Sandler dropped their price target on shares of 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. Wells Fargo & Company cut their price target on Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Evercore ISI decreased their price objective 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. Morgan Stanley cut 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 note on Friday, February 14th. Finally, UBS Group reiterated a "neutral" rating and issued a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $230.15.

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.

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