Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 69.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,312 shares of the insurance provider’s stock after acquiring an additional 539 shares during the period. Global Retirement Partners LLC’s holdings in Reinsurance Group of America were worth $280,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. WCM Investment Management LLC grew its position in shares of Reinsurance Group of America by 1.4% in the fourth quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock valued at $526,911,000 after purchasing an additional 33,082 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $241,849,000 after buying an additional 18,162 shares in the last quarter. Stifel Financial Corp increased its stake in shares of 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 acquiring an additional 27,931 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Reinsurance Group of America by 47.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after acquiring an additional 117,829 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in shares of Reinsurance Group of America by 0.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 209,683 shares of the insurance provider’s stock valued at $45,683,000 after acquiring an additional 649 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RGA shares. JPMorgan Chase & Co. increased their price objective on 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. Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $244.00 to $263.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Barclays decreased their target price 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. Morgan Stanley dropped their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, Piper Sandler decreased their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $229.54.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock opened at $199.43 on Tuesday. The firm has a market capitalization of $13.13 billion, a P/E ratio of 18.57 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. Reinsurance Group of America, Incorporated has a 52 week low of $171.84 and a 52 week high of $233.81. The firm’s 50 day moving average is $214.67 and its two-hundred day moving average is $216.38.

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 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%. Research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s payout ratio is currently 33.15%.

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.