Rhumbline Advisers Raises Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Rhumbline Advisers raised its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 180,701 shares of the insurance provider's stock after purchasing an additional 2,235 shares during the quarter. Rhumbline Advisers owned 0.27% of Reinsurance Group of America worth $38,603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in RGA. V Square Quantitative Management LLC increased its stake in Reinsurance Group of America by 33.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,507 shares of the insurance provider's stock valued at $540,000 after purchasing an additional 626 shares during the last quarter. Consolidated Planning Corp grew its position in shares of Reinsurance Group of America by 14.2% during the 4th quarter. Consolidated Planning Corp now owns 3,863 shares of the insurance provider's stock valued at $825,000 after buying an additional 479 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Reinsurance Group of America by 4.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 159,185 shares of the insurance provider's stock worth $34,258,000 after acquiring an additional 6,612 shares during the period. Lester Murray Antman dba SimplyRich lifted its holdings in Reinsurance Group of America by 24.2% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 2,257 shares of the insurance provider's stock worth $482,000 after acquiring an additional 440 shares during the last quarter. Finally, Schear Investment Advisers LLC acquired a new position in Reinsurance Group of America in the fourth quarter valued at approximately $231,000. Institutional investors own 95.11% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on RGA. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Wells Fargo & Company boosted their price target on Reinsurance Group of America from $244.00 to $263.00 and gave the stock an "overweight" rating in a research report on Wednesday. Piper Sandler decreased their price target 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. Finally, Barclays cut their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Three equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $229.54.

Reinsurance Group of America Stock Down 3.4 %

Shares of NYSE:RGA traded down $6.72 during midday trading on Friday, hitting $189.40. The stock had a trading volume of 831,723 shares, compared to its average volume of 547,991. The business's 50-day simple moving average is $215.37 and its 200-day simple moving average is $216.15. 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 cap of $12.47 billion, a P/E ratio of 17.63 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 12 month low of $169.08 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate 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%. On average, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.88 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America's payout ratio is 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.