Ethic Inc. Raises Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Ethic Inc. increased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,568 shares of the insurance provider’s stock after purchasing an additional 809 shares during the quarter. Ethic Inc.’s holdings in Reinsurance Group of America were worth $1,403,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Colonial Trust Co SC increased its position in Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after buying an additional 57 shares during the last quarter. Spire Wealth Management increased its holdings in Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 57 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Reinsurance Group of America in the 4th quarter worth about $44,000. Private Trust Co. NA raised its stake 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 purchased a new stake in Reinsurance Group of America during the fourth quarter valued at about $70,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $207.60 on Tuesday. The stock’s 50-day simple moving average is $189.37 and its two-hundred day simple moving average is $206.92. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The firm has a market capitalization of $13.72 billion, a P/E ratio of 19.33 and a beta of 0.57. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Reinsurance Group of America’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $6.02 earnings per share. As a group, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a $0.89 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.71%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 30.04%.

Analyst Ratings Changes

Several analysts have recently issued reports on RGA shares. Royal Bank of Canada reissued an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. UBS Group reaffirmed a “neutral” rating and issued a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Piper Sandler reduced 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 report on Monday, February 10th. Finally, Evercore ISI dropped their price objective on 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. Three equities research 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 MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.69.

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.