Stephens Inc. AR Invests $282,000 in Reinsurance Group of America, Incorporated (NYSE:RGA)

Stephens Inc. AR purchased a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,322 shares of the insurance provider's stock, valued at approximately $282,000.

A number of other institutional investors also recently modified their holdings of RGA. WCM Investment Management LLC increased its holdings in Reinsurance Group of America by 1.4% during the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock worth $526,911,000 after acquiring an additional 33,082 shares during the period. Apollon Wealth Management LLC bought a new stake in Reinsurance Group of America during the 4th quarter worth approximately $206,000. Vest Financial LLC increased its holdings in Reinsurance Group of America by 71.0% during the 4th quarter. Vest Financial LLC now owns 11,719 shares of the insurance provider's stock worth $2,504,000 after acquiring an additional 4,864 shares during the period. Triasima Portfolio Management inc. bought a new stake in Reinsurance Group of America during the 4th quarter worth approximately $489,000. Finally, Lecap Asset Management Ltd. increased its holdings in Reinsurance Group of America by 103.2% during the 4th quarter. Lecap Asset Management Ltd. now owns 2,825 shares of the insurance provider's stock worth $604,000 after acquiring an additional 1,435 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RGA has been the topic of a number of analyst reports. 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 report on Monday, February 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Barclays decreased their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. increased their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, Morgan Stanley decreased 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 report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $229.54.

Reinsurance Group of America Trading Down 1.6 %

Shares of Reinsurance Group of America stock traded down $3.27 during trading on Thursday, reaching $195.96. The company's stock had a trading volume of 643,402 shares, compared to its average volume of 540,469. Reinsurance Group of America, Incorporated has a 52-week low of $168.51 and a 52-week high of $233.81. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 18.25 and a beta of 0.93. The firm's 50-day moving average is $215.68 and its two-hundred day moving average is $216.29. 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 announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (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 14.55%. On average, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.88 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.82%. Reinsurance Group of America's payout ratio is currently 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.