Sanctuary Advisors LLC Purchases 651 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Sanctuary Advisors LLC grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,094 shares of the insurance provider’s stock after acquiring an additional 651 shares during the quarter. Sanctuary Advisors LLC’s holdings in Reinsurance Group of America were worth $2,564,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning raised its holdings in Reinsurance Group of America by 3.1% during the 3rd quarter. Creative Planning now owns 10,370 shares of the insurance provider’s stock valued at $2,259,000 after buying an additional 314 shares during the period. Private Advisor Group LLC increased its stake in Reinsurance Group of America by 4.2% in the third quarter. Private Advisor Group LLC now owns 4,169 shares of the insurance provider’s stock worth $908,000 after purchasing an additional 169 shares during the period. International Assets Investment Management LLC increased 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 worth $7,073,000 after purchasing an additional 32,326 shares during the period. Tectonic Advisors LLC increased its stake in Reinsurance Group of America by 3.0% in the third quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider’s stock worth $514,000 after purchasing an additional 69 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in Reinsurance Group of America in the third quarter worth $233,000. 95.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RGA has been the topic of a number of recent analyst reports. Morgan Stanley reduced their target price on 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Barclays dropped their price objective on 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, Piper Sandler dropped their price objective on 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. Three 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 company’s stock. According to MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus target price of $229.54.

Reinsurance Group of America Trading Down 3.4 %

Shares of NYSE:RGA opened at $189.40 on Friday. Reinsurance Group of America, Incorporated has a 52-week low of $169.08 and a 52-week high of $233.81. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 17.63 and a beta of 0.93. 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 has a 50-day moving average price of $214.91 and a 200-day moving average price of $216.13.

Reinsurance Group of America (NYSE:RGA) last announced 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 return on equity of 14.55% and a net margin of 3.24%. Equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s payout ratio 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.