New Age Alpha Advisors LLC Buys Shares of 36,773 Reinsurance Group of America, Incorporated (NYSE:RGA)

New Age Alpha Advisors LLC purchased a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,773 shares of the insurance provider’s stock, valued at approximately $7,856,000. New Age Alpha Advisors LLC owned about 0.06% of Reinsurance Group of America at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RGA. Principal Financial Group Inc. grew its holdings in Reinsurance Group of America by 19.2% during the 4th quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock worth $38,895,000 after acquiring an additional 29,352 shares during the last quarter. Martin Capital Partners LLC acquired a new stake in Reinsurance Group of America in the fourth quarter valued at $1,788,000. Nordea Investment Management AB raised its position in Reinsurance Group of America by 4.8% during the 4th quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock worth $19,232,000 after purchasing an additional 4,119 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Reinsurance Group of America by 23.8% in the 4th 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. Finally, Franklin Resources Inc. grew its position in shares of 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 valued at $16,862,000 after buying an additional 5,699 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RGA. Piper Sandler cut their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company boosted their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Evercore ISI dropped their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. increased their price target 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 analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $231.85.

Reinsurance Group of America Stock Performance

RGA stock opened at $201.61 on Friday. 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, Incorporated has a 12-month low of $178.84 and a 12-month high of $233.81. The stock has a market capitalization of $13.31 billion, a PE ratio of 18.77 and a beta of 0.91. The stock’s 50 day simple moving average is $205.49 and its 200 day simple moving average is $213.61.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results 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%. As a group, research analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s payout ratio is currently 33.15%.

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.