Reinsurance Group of America, Incorporated (NYSE:RGA) Position Lifted by Inspire Investing LLC

Inspire Investing LLC raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,224 shares of the insurance provider’s stock after buying an additional 72 shares during the quarter. Inspire Investing LLC’s holdings in Reinsurance Group of America were worth $3,039,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Earnest Partners LLC boosted its holdings in shares of Reinsurance Group of America by 1.9% in the second quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider’s stock valued at $539,476,000 after acquiring an additional 50,228 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of Reinsurance Group of America by 1,208.5% in the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock worth $527,742,000 after buying an additional 2,260,605 shares in the last quarter. Geode Capital Management LLC lifted 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. Zurich Insurance Group Ltd FI grew its holdings in Reinsurance Group of America by 681.8% during the second quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider’s stock worth $104,244,000 after acquiring an additional 442,883 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Reinsurance Group of America by 43.8% in the 2nd quarter. Millennium Management LLC now owns 437,266 shares of the insurance provider’s stock worth $89,758,000 after acquiring an additional 133,212 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Down 0.1 %

RGA opened at $223.80 on Thursday. Reinsurance Group of America, Incorporated has a 1-year low of $163.81 and a 1-year high of $233.81. The business has a 50 day moving average of $219.51 and a 200-day moving average of $216.26. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of 20.55 and a beta of 0.94. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.31 by $0.82. The company had revenue of $5.65 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business posted $5.57 EPS. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 21.4 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

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

Wall Street Analyst Weigh In

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

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.