OneDigital Investment Advisors LLC Has $505,000 Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

OneDigital Investment Advisors LLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 42.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,365 shares of the insurance provider’s stock after acquiring an additional 699 shares during the period. OneDigital Investment Advisors LLC’s holdings in Reinsurance Group of America were worth $505,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RGA. Barclays PLC boosted its stake in Reinsurance Group of America by 5.5% in the 3rd quarter. Barclays PLC now owns 102,790 shares of the insurance provider’s stock valued at $22,396,000 after purchasing an additional 5,398 shares during the period. Invst LLC acquired a new position in shares of Reinsurance Group of America in the third quarter valued at about $229,000. Wilmington Savings Fund Society FSB bought a new position in Reinsurance Group of America during the third quarter worth about $293,000. Franklin Resources Inc. raised its stake in Reinsurance Group of America by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock worth $16,862,000 after purchasing an additional 5,699 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in Reinsurance Group of America by 9.2% in the 3rd quarter. Retirement Systems of Alabama now owns 161,301 shares of the insurance provider’s stock valued at $35,143,000 after purchasing an additional 13,596 shares during the period. 95.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. 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. Piper Sandler dropped their price target on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Morgan Stanley cut 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 report on Friday, February 14th. Finally, Evercore ISI decreased their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $230.15.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $184.48 on Friday. The stock has a 50-day moving average price of $190.92 and a two-hundred day moving average price of $209.42. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The company has a market capitalization of $12.19 billion, a PE ratio of 17.18 and a beta of 0.70. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46.

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 (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%. Analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.93%. Reinsurance Group of America’s dividend payout ratio is 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.