Barclays PLC Increases Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Barclays PLC grew its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 69.3% during the fourth quarter, Holdings Channel reports. The firm owned 174,049 shares of the insurance provider’s stock after purchasing an additional 71,259 shares during the quarter. Barclays PLC’s holdings in Reinsurance Group of America were worth $37,184,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in RGA. Vanguard Group Inc. increased its stake in Reinsurance Group of America by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider’s stock worth $1,541,121,000 after buying an additional 51,733 shares during the period. FMR LLC increased its position in shares of Reinsurance Group of America by 11.1% during the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider’s stock worth $1,205,042,000 after acquiring an additional 564,693 shares during the period. WCM Investment Management LLC raised its stake 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 acquiring an additional 33,082 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Reinsurance Group of America by 389.4% in the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock valued at $239,911,000 after purchasing an additional 893,537 shares during the period. Finally, Geode Capital Management LLC grew its stake in Reinsurance Group of America by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider’s stock worth $238,031,000 after purchasing an additional 4,106 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 1.0 %

RGA opened at $184.48 on Friday. 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 $159.25 and a 52 week high of $233.81. The business’s 50 day moving average is $191.17 and its two-hundred day moving average is $209.64. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 17.18 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

Wall Street Analysts Forecast Growth

RGA has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Wells Fargo & Company dropped their price objective on shares of Reinsurance Group of America from $264.00 to $246.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Barclays reduced their price objective 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, JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $230.15.

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.