Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Vest Financial LLC

Vest Financial LLC raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 71.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,719 shares of the insurance provider's stock after acquiring an additional 4,864 shares during the quarter. Vest Financial LLC's holdings in Reinsurance Group of America were worth $2,504,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Eagle Asset Management Inc. boosted its position in shares of Reinsurance Group of America by 15.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider's stock worth $25,297,000 after purchasing an additional 15,289 shares in the last quarter. Nordea Investment Management AB raised its stake in 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 buying an additional 4,119 shares during the last quarter. Martin Capital Partners LLC purchased a new stake in Reinsurance Group of America during the 4th quarter valued at $1,788,000. Franklin Resources Inc. raised its stake in Reinsurance Group of America by 7.9% during the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider's stock valued at $16,862,000 after buying an additional 5,699 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in Reinsurance Group of America by 23.8% during the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock valued at $3,077,000 after buying an additional 2,768 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RGA. Barclays decreased their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Piper Sandler reduced their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday. Royal Bank of Canada restated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday. JPMorgan Chase & Co. upped their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a research note on Thursday, October 17th. Three investment 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. Based on data from MarketBeat, Reinsurance Group of America has a consensus rating of "Moderate Buy" and a consensus target price of $228.31.

Reinsurance Group of America Trading Up 1.2 %

Reinsurance Group of America stock traded up $2.30 during midday trading on Wednesday, reaching $198.95. The stock had a trading volume of 876,012 shares, compared to its average volume of 508,115. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. Reinsurance Group of America, Incorporated has a 52-week low of $165.38 and a 52-week high of $233.81. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 18.52 and a beta of 0.93. The company has a fifty day moving average of $217.62 and a 200 day moving average of $217.10.

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 analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.80% and a net margin of 3.24%. On average, analysts anticipate that Reinsurance Group of America, Incorporated will post 23.14 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

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.