Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,665 shares of the insurance provider's stock after acquiring an additional 10,206 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of Reinsurance Group of America worth $9,969,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Private Trust Co. NA grew its stake in Reinsurance Group of America by 333.3% during the third 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. Strengthening Families & Communities LLC bought a new position in shares of Reinsurance Group of America during the 3rd quarter worth approximately $36,000. Spire Wealth Management grew its position in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after buying an additional 57 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Reinsurance Group of America in the 4th quarter valued at $44,000. Finally, Versant Capital Management Inc lifted its position in shares of Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 80 shares during the period. 95.11% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays reduced their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Evercore ISI reduced their target price on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. 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. Finally, Morgan Stanley decreased their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Three equities research 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $231.85.

Reinsurance Group of America Price Performance

Shares of RGA traded up $1.32 during midday trading on Monday, hitting $192.82. 371,592 shares of the company traded hands, compared to its average volume of 378,036. The stock has a 50-day moving average of $209.88 and a 200-day moving average of $214.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a one year low of $77.21 and a one year high of $233.81. The firm has a market cap of $12.73 billion, a P/E ratio of 17.95 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) 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%. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is 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.