Ieq Capital LLC Increases Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Ieq Capital LLC lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 291.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,178 shares of the insurance provider's stock after buying an additional 3,112 shares during the period. Ieq Capital LLC's holdings in Reinsurance Group of America were worth $892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Spire Wealth Management lifted its position in Reinsurance Group of America by 39.0% during 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 during the period. Baron Wealth Management LLC lifted its position in Reinsurance Group of America by 4.5% during the third quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider's stock valued at $324,000 after purchasing an additional 64 shares during the period. Mount Lucas Management LP lifted its position in Reinsurance Group of America by 2.9% during the third quarter. Mount Lucas Management LP now owns 2,592 shares of the insurance provider's stock valued at $565,000 after purchasing an additional 72 shares during the period. Inspire Investing LLC lifted its position in Reinsurance Group of America by 0.5% during 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. Finally, Integrated Investment Consultants LLC lifted its position in Reinsurance Group of America by 2.4% during 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 during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms recently issued reports on RGA. Barclays decreased their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Piper Sandler cut 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, February 10th. Finally, Morgan Stanley cut their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $229.62.

Reinsurance Group of America Price Performance

Shares of RGA stock traded up $2.16 on Friday, reaching $202.78. 455,431 shares of the company were exchanged, compared to its average volume of 544,142. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 18.88 and a beta of 0.93. The business has a 50-day moving average price of $214.26 and a 200 day moving average price of $216.12. 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 1 year low of $174.45 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.89 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.76%. Reinsurance Group of America's dividend payout ratio is presently 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.