Algert Global LLC Increases Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Algert Global LLC increased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 150.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,930 shares of the insurance provider’s stock after buying an additional 5,968 shares during the quarter. Algert Global LLC’s holdings in Reinsurance Group of America were worth $2,121,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in RGA. Vanguard Group Inc. raised its position in Reinsurance Group of America by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider’s stock worth $1,541,121,000 after acquiring an additional 51,733 shares during the period. FMR LLC raised its holdings in shares of Reinsurance Group of America by 11.1% in the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider’s stock worth $1,205,042,000 after purchasing an additional 564,693 shares during the period. WCM Investment Management LLC lifted its stake in 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 purchasing an additional 33,082 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Reinsurance Group of America by 389.4% during 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 increased its position in Reinsurance Group of America by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider’s stock worth $238,031,000 after buying an additional 4,106 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

NYSE:RGA opened at $202.56 on Friday. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The stock has a fifty day moving average of $188.89 and a 200 day moving average of $207.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 18.86 and a beta of 0.57.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.33. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter last year, the company posted $6.02 EPS. On average, research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Tuesday, May 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 30.04%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RGA. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Evercore ISI cut their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada restated 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 raised their price objective on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Piper Sandler lowered their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $230.69.

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.