Picton Mahoney Asset Management Grows Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Picton Mahoney Asset Management raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 20.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 139,936 shares of the insurance provider’s stock after buying an additional 23,949 shares during the quarter. Reinsurance Group of America comprises about 0.9% of Picton Mahoney Asset Management’s investment portfolio, making the stock its 16th largest holding. Picton Mahoney Asset Management owned approximately 0.21% of Reinsurance Group of America worth $29,894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RGA. Raymond James Financial Inc. purchased a new position in Reinsurance Group of America during the 4th quarter worth approximately $48,724,000. JPMorgan Chase & Co. raised its position in Reinsurance Group of America by 47.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after buying an additional 117,829 shares during the last quarter. CIBC Asset Management Inc raised its position in Reinsurance Group of America by 2,791.1% during the 4th quarter. CIBC Asset Management Inc now owns 67,884 shares of the insurance provider’s stock worth $14,502,000 after buying an additional 65,536 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Reinsurance Group of America during the 3rd quarter worth approximately $11,803,000. Finally, Handelsbanken Fonder AB grew its stake in shares of Reinsurance Group of America by 121.1% during the 4th quarter. Handelsbanken Fonder AB now owns 97,300 shares of the insurance provider’s stock worth $20,786,000 after purchasing an additional 53,300 shares during the period. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Up 3.2 %

NYSE RGA opened at $191.98 on Friday. Reinsurance Group of America, Incorporated has a 52 week low of $178.84 and a 52 week high of $233.81. 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 business’s fifty day simple moving average is $209.88 and its 200-day simple moving average is $214.96. The firm has a market cap of $12.68 billion, a PE ratio of 17.88 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data 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 net margin of 3.24% and a return on equity of 14.55%. As a group, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.85%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

Analysts Set New Price Targets

RGA has been the topic of a number of analyst reports. Piper Sandler dropped 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 note on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on shares of 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. Barclays dropped 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 research note on Monday, January 6th. Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $231.85.

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.