Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 205.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,339 shares of the insurance provider's stock after acquiring an additional 3,592 shares during the period. Tower Research Capital LLC TRC's holdings in Reinsurance Group of America were worth $1,141,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MetLife Investment Management LLC boosted its position in Reinsurance Group of America by 9.1% in the 4th quarter. MetLife Investment Management LLC now owns 37,126 shares of the insurance provider's stock valued at $7,931,000 after buying an additional 3,090 shares during the period. Ossiam boosted its holdings in shares of Reinsurance Group of America by 8.5% in the fourth quarter. Ossiam now owns 7,619 shares of the insurance provider's stock valued at $1,628,000 after purchasing an additional 597 shares during the period. Dimensional Fund Advisors LP raised its position in Reinsurance Group of America by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 791,378 shares of the insurance provider's stock valued at $169,058,000 after purchasing an additional 50,997 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Reinsurance Group of America by 46.9% during the fourth quarter. First Trust Advisors LP now owns 481,035 shares of the insurance provider's stock valued at $102,764,000 after buying an additional 153,564 shares during the period. Finally, Forum Financial Management LP grew its holdings in Reinsurance Group of America by 7.6% during the 4th quarter. Forum Financial Management LP now owns 1,836 shares of the insurance provider's stock worth $392,000 after acquiring an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RGA shares. Barclays dropped 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. Piper Sandler cut their price target on 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. UBS Group restated a "neutral" rating and set a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their target price on Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price target for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $230.15.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded down $3.56 during trading hours on Friday, hitting $187.99. 411,536 shares of the stock traded hands, compared to its average volume of 407,677. The firm's 50 day moving average price is $189.55 and its 200-day moving average price is $208.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 17.50 and a beta of 0.70. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results 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 14.55%. As a group, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.89%. Reinsurance Group of America's dividend payout ratio is presently 33.15%.

Reinsurance Group of America 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.