Schroder Investment Management Group Increases Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Schroder Investment Management Group raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 387,444 shares of the insurance provider's stock after buying an additional 5,328 shares during the period. Schroder Investment Management Group owned about 0.59% of Reinsurance Group of America worth $82,293,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of RGA. Principal Financial Group Inc. grew its stake in Reinsurance Group of America by 19.2% in the 4th quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider's stock valued at $38,895,000 after acquiring an additional 29,352 shares during the period. Martin Capital Partners LLC purchased a new position in Reinsurance Group of America in the 4th quarter valued at about $1,788,000. Nordea Investment Management AB increased its stake in Reinsurance Group of America by 4.8% during the 4th quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider's stock worth $19,232,000 after buying an additional 4,119 shares in the last quarter. Pacer Advisors Inc. raised its stake in Reinsurance Group of America by 23.8% in the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock valued at $3,077,000 after purchasing an additional 2,768 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Reinsurance Group of America by 7.9% during the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider's stock worth $16,862,000 after purchasing an additional 5,699 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have weighed in on RGA shares. Piper Sandler decreased their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Barclays cut their target price on 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. Morgan Stanley lowered their price target 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 report on Friday, February 14th. Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Finally, Evercore ISI cut their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $230.38.

Reinsurance Group of America Stock Down 7.9 %

NYSE RGA traded down $14.84 on Friday, hitting $172.27. 874,362 shares of the stock were exchanged, compared to its average volume of 403,387. The company has a market cap of $11.37 billion, a PE ratio of 16.04 and a beta of 0.91. The company has a 50-day moving average price of $201.62 and a 200-day moving average price of $212.73. Reinsurance Group of America, Incorporated has a fifty-two week low of $169.10 and a fifty-two week high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results 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 return on equity of 14.55% and a net margin of 3.24%. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's payout ratio is 33.15%.

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.