Versor Investments LP Purchases 4,972 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Versor Investments LP lifted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 79.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,256 shares of the insurance provider’s stock after purchasing an additional 4,972 shares during the period. Reinsurance Group of America accounts for 0.4% of Versor Investments LP’s portfolio, making the stock its 28th largest holding. Versor Investments LP’s holdings in Reinsurance Group of America were worth $2,405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Private Advisor Group LLC grew its stake in Reinsurance Group of America by 4.2% in the 3rd quarter. Private Advisor Group LLC now owns 4,169 shares of the insurance provider’s stock valued at $908,000 after buying an additional 169 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Reinsurance Group of America by 23,595.6% in the third quarter. International Assets Investment Management LLC now owns 32,463 shares of the insurance provider’s stock valued at $7,073,000 after buying an additional 32,326 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $233,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Reinsurance Group of America by 34.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,972 shares of the insurance provider’s stock worth $1,083,000 after buying an additional 1,271 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Reinsurance Group of America by 4.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,068 shares of the insurance provider’s stock worth $2,629,000 after purchasing an additional 515 shares in the last quarter. 95.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Piper Sandler cut 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. Barclays cut their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. lifted 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. 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 research note on Friday, February 14th. Finally, Wells Fargo & Company increased their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $229.62.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $199.31 on Thursday. Reinsurance Group of America, Incorporated has a 52 week low of $171.84 and a 52 week 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 50 day moving average price of $214.44 and a two-hundred day moving average price of $216.23. The firm has a market capitalization of $13.16 billion, a P/E ratio of 18.56 and a beta of 0.93.

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 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%. Equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.79%. Reinsurance Group of America’s dividend payout ratio (DPR) is 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.