New York Life Investment Management LLC Has $1.49 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

New York Life Investment Management LLC lowered its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,982 shares of the insurance provider’s stock after selling 610 shares during the quarter. New York Life Investment Management LLC’s holdings in Reinsurance Group of America were worth $1,492,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. WCM Investment Management LLC grew its holdings in Reinsurance Group of America by 1.4% during 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 during the period. Geode Capital Management LLC boosted its holdings in shares of Reinsurance Group of America by 1.7% in the third 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 during the period. Stifel Financial Corp boosted its holdings in shares of Reinsurance Group of America by 8.2% in the third quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider’s stock valued at $79,872,000 after buying an additional 27,931 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Reinsurance Group of America by 47.7% in the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock valued at $79,512,000 after buying an additional 117,829 shares during the period. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Reinsurance Group of America by 0.3% in the third quarter. Loomis Sayles & Co. L P now owns 209,683 shares of the insurance provider’s stock valued at $45,683,000 after buying an additional 649 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $198.53 on Tuesday. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $214.05 and a 200 day simple moving average of $216.25. Reinsurance Group of America, Incorporated has a 12 month low of $175.88 and a 12 month high of $233.81. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 18.49 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results 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%. 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 declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.79%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 33.15%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RGA shares. Piper Sandler reduced their price target 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. JPMorgan Chase & Co. upped their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Barclays reduced their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley reduced 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. 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $229.62.

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.