Smartleaf Asset Management LLC Grows Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Smartleaf Asset Management LLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 62.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,034 shares of the insurance provider’s stock after purchasing an additional 1,162 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Reinsurance Group of America were worth $644,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Eagle Asset Management Inc. grew its holdings in shares of Reinsurance Group of America by 15.7% during the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock valued at $25,297,000 after buying an additional 15,289 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Reinsurance Group of America by 19.2% during the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock valued at $38,895,000 after buying an additional 29,352 shares during the last quarter. Martin Capital Partners LLC purchased a new stake in shares of Reinsurance Group of America during the fourth quarter valued at $1,788,000. Nordea Investment Management AB grew its holdings in shares of Reinsurance Group of America by 4.8% during the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock valued at $19,232,000 after buying an additional 4,119 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Reinsurance Group of America by 23.8% during the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock valued at $3,077,000 after buying an additional 2,768 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Trading Down 2.1 %

Shares of Reinsurance Group of America stock opened at $198.53 on Tuesday. The firm has a 50-day simple moving average of $214.05 and a two-hundred day simple moving average of $216.25. The company has a market cap of $13.11 billion, a P/E ratio of 18.49 and a beta of 0.93. Reinsurance Group of America, Incorporated has a fifty-two week low of $175.88 and a fifty-two week high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.79%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

Wall Street Analysts Forecast Growth

RGA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective 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. Piper Sandler dropped 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. 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 lowered 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 report on Monday, January 6th. Finally, Morgan Stanley lowered their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $229.62.

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.