Vanguard Group Inc. Purchases 51,733 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Vanguard Group Inc. lifted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,213,971 shares of the insurance provider's stock after purchasing an additional 51,733 shares during the quarter. Vanguard Group Inc. owned approximately 10.95% of Reinsurance Group of America worth $1,541,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Reinsurance Group of America by 19.2% in the fourth 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 bought a new stake in shares of Reinsurance Group of America during the fourth quarter worth approximately $1,788,000. Nordea Investment Management AB raised its position in shares of 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 valued at $19,232,000 after acquiring an additional 4,119 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Reinsurance Group of America by 23.8% in the fourth 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. raised its position in shares of Reinsurance Group of America by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider's stock valued at $16,862,000 after acquiring an additional 5,699 shares during the period. Institutional investors own 95.11% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently commented on RGA. Evercore ISI dropped their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Piper Sandler cut their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Barclays dropped their target price 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. Morgan Stanley cut their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $231.85.

Reinsurance Group of America Stock Performance

Shares of RGA traded down $0.78 during mid-day trading on Tuesday, hitting $196.13. 24,332 shares of the company's stock were exchanged, compared to its average volume of 398,020. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 18.21 and a beta of 0.91. The stock's 50-day simple moving average is $204.41 and its 200-day simple moving average is $213.44. Reinsurance Group of America, Incorporated has a 52 week low of $178.84 and a 52 week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data 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%. On average, equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is presently 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.