Keybank National Association OH Purchases 59 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Keybank National Association OH grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,342 shares of the insurance provider’s stock after acquiring an additional 59 shares during the period. Keybank National Association OH’s holdings in Reinsurance Group of America were worth $500,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. WCM Investment Management LLC raised its position in Reinsurance Group of America by 1.4% in the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock worth $526,911,000 after purchasing an additional 33,082 shares during the last quarter. Geode Capital Management LLC raised its position in Reinsurance Group of America by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock worth $241,849,000 after purchasing an additional 18,162 shares during the last quarter. Stifel Financial Corp raised its position in Reinsurance Group of America by 8.2% in the 3rd quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider’s stock worth $79,872,000 after purchasing an additional 27,931 shares during the last quarter. JPMorgan Chase & Co. raised its position in Reinsurance Group of America by 47.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after purchasing an additional 117,829 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in Reinsurance Group of America by 0.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 209,683 shares of the insurance provider’s stock worth $45,683,000 after purchasing an additional 649 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

RGA has been the subject of several research analyst reports. Barclays dropped their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Morgan Stanley lowered their target price on shares of 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. Wells Fargo & Company lifted 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 report on Tuesday, February 25th. Finally, Piper Sandler lowered their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $229.62.

Reinsurance Group of America Price Performance

Shares of RGA stock opened at $190.80 on Monday. Reinsurance Group of America, Incorporated has a 12-month low of $178.84 and a 12-month high of $233.81. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 17.77 and a beta of 0.91. 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 firm has a fifty day moving average of $212.57 and a 200-day moving average of $215.82.

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

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.87%. Reinsurance Group of America’s dividend payout ratio is currently 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.