Dean Investment Associates LLC Acquires 704 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Dean Investment Associates LLC grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,285 shares of the insurance provider’s stock after buying an additional 704 shares during the period. Dean Investment Associates LLC’s holdings in Reinsurance Group of America were worth $3,479,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Spire Wealth Management boosted its position in Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 57 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Reinsurance Group of America during the 4th quarter worth about $44,000. Versant Capital Management Inc grew its stake in Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after buying an additional 80 shares during the last quarter. Private Trust Co. NA raised its holdings in Reinsurance Group of America by 99.4% in the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock valued at $66,000 after acquiring an additional 155 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in Reinsurance Group of America during the fourth quarter worth approximately $70,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Up 0.2 %

RGA opened at $182.79 on Thursday. 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 current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The company has a market cap of $12.08 billion, a P/E ratio of 17.02 and a beta of 0.70. The business’s 50-day moving average price is $191.49 and its 200-day moving average price is $209.87.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate 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, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.95%. Reinsurance Group of America’s payout ratio is 33.15%.

Analyst Upgrades and Downgrades

RGA has been the subject of several analyst reports. Barclays dropped their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Wells Fargo & Company cut their price target on shares of Reinsurance Group of America from $264.00 to $246.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price target on Reinsurance Group of America from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.