WCM Investment Management LLC Acquires 33,082 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

WCM Investment Management LLC lifted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,480,750 shares of the insurance provider's stock after acquiring an additional 33,082 shares during the quarter. WCM Investment Management LLC owned approximately 3.77% of Reinsurance Group of America worth $526,911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of Reinsurance Group of America by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider's stock valued at $241,849,000 after acquiring an additional 18,162 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Reinsurance Group of America by 8.2% in the third quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider's stock worth $79,872,000 after purchasing an additional 27,931 shares during the period. JPMorgan Chase & Co. raised its stake in Reinsurance Group of America by 47.7% in the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider's stock valued at $79,512,000 after purchasing an additional 117,829 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Reinsurance Group of America by 0.3% in the third quarter. Loomis Sayles & Co. L P now owns 209,683 shares of the insurance provider's stock worth $45,683,000 after buying an additional 649 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of Reinsurance Group of America by 31.1% in the 3rd quarter. Natixis Advisors LLC now owns 193,698 shares of the insurance provider's stock valued at $42,201,000 after acquiring an additional 45,924 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

Shares of RGA traded up $2.30 on Wednesday, reaching $198.95. The stock had a trading volume of 876,012 shares, compared to its average volume of 508,115. Reinsurance Group of America, Incorporated has a twelve month low of $165.38 and a twelve month high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average of $217.62 and a 200 day moving average of $217.10. The firm has a market capitalization of $13.10 billion, a PE ratio of 18.52 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data 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 net margin of 3.24% and a return on equity of 14.80%. Sell-side analysts expect that Reinsurance Group of America, Incorporated will post 23.14 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is 33.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RGA shares. StockNews.com upgraded shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th. Barclays cut 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 note on Monday, January 6th. JPMorgan Chase & Co. boosted 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 research report on Tuesday, January 7th. 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $228.31.

About Reinsurance Group of America

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.