Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,123 shares of the insurance provider’s stock after buying an additional 393 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Reinsurance Group of America were worth $6,862,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in shares of 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 in the last quarter. Spire Wealth Management increased its stake in 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. acquired a new stake in Reinsurance Group of America during the 4th quarter worth approximately $44,000. Versant Capital Management Inc boosted its position in Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after buying an additional 80 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of Reinsurance Group of America by 105.3% in the third quarter. First Horizon Advisors Inc. now owns 312 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 0.3 %

RGA opened at $191.40 on Friday. Reinsurance Group of America, Incorporated has a one year low of $178.84 and a one year high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The stock has a market capitalization of $12.64 billion, a P/E ratio of 17.82 and a beta of 0.91. The business’s 50-day simple moving average is $207.55 and its 200-day simple moving average is $214.25.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 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%. Analysts anticipate 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 declared 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 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

Analyst Upgrades and Downgrades

RGA has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Piper Sandler decreased 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, February 10th. Wells Fargo & Company upped their target price 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, Morgan Stanley reduced 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 report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Reinsurance Group of America has an average rating of “Moderate Buy” and a consensus price target of $231.85.

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.