Sterling Capital Management LLC Buys 1,409 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Sterling Capital Management LLC increased its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 26.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,687 shares of the insurance provider's stock after purchasing an additional 1,409 shares during the quarter. Sterling Capital Management LLC's holdings in Reinsurance Group of America were worth $1,429,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Spire Wealth Management increased its holdings in shares of 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 acquiring an additional 57 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Reinsurance Group of America during the fourth quarter valued at approximately $44,000. Versant Capital Management Inc increased its position in shares of Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 80 shares in the last quarter. Private Trust Co. NA raised its holdings in Reinsurance Group of America by 99.4% in the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock worth $66,000 after acquiring an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in Reinsurance Group of America in the 4th quarter valued at approximately $70,000. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

NYSE RGA traded up $1.87 on Friday, reaching $184.48. 370,965 shares of the stock were exchanged, compared to its average volume of 408,407. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The firm has a market capitalization of $12.19 billion, a PE ratio of 17.18 and a beta of 0.70. The company's 50-day simple moving average is $191.17 and its two-hundred day simple moving average is $209.64.

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 EPS for the quarter, missing the consensus estimate 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%. Analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.93%. Reinsurance Group of America's payout ratio is 33.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RGA. Wells Fargo & Company decreased their price objective on shares of Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Barclays lowered their price target on 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. Evercore ISI reduced their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. UBS Group reissued a "neutral" rating and issued a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $230.15.

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.