Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,213,971 shares of the insurance provider's stock after acquiring an additional 51,733 shares during the quarter. Vanguard Group Inc. owned 10.95% of Reinsurance Group of America worth $1,541,121,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RGA. Private Trust Co. NA increased 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 worth $34,000 after purchasing an additional 120 shares during the period. Spire Wealth Management boosted its stake in shares of Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after buying an additional 57 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America during the fourth quarter worth $44,000. Versant Capital Management Inc raised its position in Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after acquiring an additional 80 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in Reinsurance Group of America in the fourth quarter valued at $70,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RGA shares. Barclays lowered 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 research note on Monday, January 6th. Piper Sandler lowered 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 research report on Monday, February 10th. JPMorgan Chase & Co. lifted 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 research report on Tuesday, January 7th. Evercore ISI lowered their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $231.85.

Reinsurance Group of America Price Performance

Shares of NYSE RGA traded up $1.24 during trading on Tuesday, reaching $198.14. The company had a trading volume of 317,770 shares, compared to its average volume of 399,587. 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 twelve month low of $178.84 and a twelve month high of $233.81. The stock has a 50-day moving average price of $203.89 and a two-hundred day moving average price of $213.33. The stock has a market capitalization of $13.08 billion, a PE ratio of 18.45 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results 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 net margin of 3.24% and a return on equity of 14.55%. As a group, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company 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 of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.80%. Reinsurance Group of America's dividend payout ratio (DPR) is currently 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.