Triasima Portfolio Management inc. Takes Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Triasima Portfolio Management inc. purchased a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,290 shares of the insurance provider's stock, valued at approximately $489,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. purchased a new position in shares of Reinsurance Group of America during the third quarter worth approximately $25,000. Wolff Wiese Magana LLC purchased a new position in Reinsurance Group of America during the 3rd quarter worth $34,000. Private Trust Co. NA raised its position in Reinsurance Group of America by 333.3% during the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 120 shares in the last quarter. Strengthening Families & Communities LLC bought a new stake in Reinsurance Group of America during the 3rd quarter valued at $36,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Reinsurance Group of America in the 3rd quarter worth $37,000. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Down 1.8 %

NYSE:RGA traded down $3.57 during mid-day trading on Tuesday, hitting $196.98. 1,080,104 shares of the company's stock traded hands, compared to its average volume of 494,404. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market capitalization of $12.97 billion, a P/E ratio of 18.34 and a beta of 0.93. The company has a fifty day moving average of $218.19 and a 200 day moving average of $217.27. Reinsurance Group of America, Incorporated has a twelve month low of $165.38 and a twelve month high of $233.81.

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 14.80%. On average, analysts forecast that Reinsurance Group of America, Incorporated will post 23.14 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RGA. Royal Bank of Canada restated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. StockNews.com raised 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 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 report on Monday, January 6th. Finally, Piper Sandler dropped their target price on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $228.31.

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.