Raleigh Capital Management Inc. Has $299,000 Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Raleigh Capital Management Inc. lifted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,399 shares of the insurance provider’s stock after purchasing an additional 212 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Reinsurance Group of America were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Eagle Asset Management Inc. boosted its holdings in 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 purchasing an additional 15,289 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Reinsurance Group of America in the 2nd quarter valued at $1,925,000. Insight Wealth Strategies LLC bought a new stake in Reinsurance Group of America in the third quarter valued at $3,548,000. Nordea Investment Management AB raised its stake in 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 worth $19,232,000 after acquiring an additional 4,119 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Reinsurance Group of America by 7.9% during the third quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock valued at $16,862,000 after acquiring an additional 5,699 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Trading Up 0.2 %

Shares of NYSE:RGA opened at $224.32 on Friday. The company has a market capitalization of $14.77 billion, a P/E ratio of 20.60 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The business’s 50 day simple moving average is $219.51 and its 200 day simple moving average is $216.26. Reinsurance Group of America, Incorporated has a 1 year low of $163.81 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating the consensus estimate of $5.31 by $0.82. The company had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $5.57 EPS. On average, research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.59%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s payout ratio is 32.69%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Royal Bank of Canada lifted their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. TD Cowen started coverage on Reinsurance Group of America in a research report on Wednesday, October 9th. They set a “hold” rating and a $235.00 price target on the stock. Barclays cut their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.31.

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.