Skandinaviska Enskilda Banken AB publ Has $131,000 Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 45.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 618 shares of the insurance provider’s stock after buying an additional 194 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Reinsurance Group of America were worth $131,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vestcor Inc boosted its position in Reinsurance Group of America by 296.1% during the 4th quarter. Vestcor Inc now owns 4,923 shares of the insurance provider’s stock worth $1,052,000 after buying an additional 3,680 shares during the period. Swiss National Bank boosted its position in Reinsurance Group of America by 0.8% during the 4th quarter. Swiss National Bank now owns 129,500 shares of the insurance provider’s stock worth $27,665,000 after buying an additional 1,000 shares during the period. Essential Planning LLC. acquired a new position in shares of Reinsurance Group of America in the 4th quarter worth approximately $1,658,000. GC Wealth Management RIA LLC acquired a new position in shares of Reinsurance Group of America in the 4th quarter worth approximately $201,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Reinsurance Group of America by 28.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,600 shares of the insurance provider’s stock worth $769,000 after purchasing an additional 800 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $190.62 on Wednesday. The firm has a market capitalization of $12.59 billion, a PE ratio of 17.75 and a beta of 0.91. The firm has a fifty day simple moving average of $208.75 and a two-hundred day simple moving average of $214.57. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 12 month low of $178.84 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates 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%. Analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.87%. Reinsurance Group of America’s payout ratio is 33.15%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RGA. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. Piper Sandler dropped their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Barclays dropped their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Morgan Stanley dropped their target price 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 report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.85.

About Reinsurance Group of America

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.