Principal Financial Group Inc. Has $33.55 Million Holdings in Reinsurance Group of America, Incorporated $RGA

Principal Financial Group Inc. decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 11.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 174,600 shares of the insurance provider’s stock after selling 23,428 shares during the period. Principal Financial Group Inc.’s holdings in Reinsurance Group of America were worth $33,546,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. WCM Investment Management LLC raised its holdings in Reinsurance Group of America by 5.0% during the 2nd quarter. WCM Investment Management LLC now owns 2,639,979 shares of the insurance provider’s stock worth $521,343,000 after purchasing an additional 125,937 shares during the last quarter. American Century Companies Inc. increased its position in shares of Reinsurance Group of America by 35.2% during the second quarter. American Century Companies Inc. now owns 2,044,818 shares of the insurance provider’s stock worth $405,610,000 after buying an additional 532,891 shares during the period. Geode Capital Management LLC increased its position in shares of Reinsurance Group of America by 4.6% during the second quarter. Geode Capital Management LLC now owns 1,219,609 shares of the insurance provider’s stock worth $241,960,000 after buying an additional 53,211 shares during the period. Norges Bank bought a new position in Reinsurance Group of America during the second quarter worth $167,955,000. Finally, AQR Capital Management LLC lifted its holdings in Reinsurance Group of America by 29.6% in the second quarter. AQR Capital Management LLC now owns 799,675 shares of the insurance provider’s stock valued at $158,352,000 after buying an additional 182,729 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. TD Cowen reiterated a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Piper Sandler raised their target price on Reinsurance Group of America from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. Wells Fargo & Company lifted their target price on Reinsurance Group of America from $237.00 to $238.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Keefe, Bruyette & Woods dropped their price target on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $239.56.

Key Headlines Impacting Reinsurance Group of America

Here are the key news stories impacting Reinsurance Group of America this week:

• Positive Sentiment: Large Q4 earnings and revenue beat — RGA reported $7.75 EPS vs. $5.86 expected and revenue above estimates; strong top- and bottom-line results are the main catalyst pushing the stock higher. Read More.
• Positive Sentiment: Market reaction / coverage highlights the beat — multiple outlets flagged the Q4 surprise and wrote that RGA “soars” after results, reinforcing positive momentum. Read More.
• Positive Sentiment: Dividend announced — RGA declared a quarterly dividend of $0.93/share (ex-div Feb 17, pay Mar 3), which supports income-oriented investors and signals confidence in capital availability.
• Neutral Sentiment: Analyst and metrics deep dives — several pieces examine RGA’s key metrics, capital position and valuation; these help investors reprice the stock but don’t change the immediate earnings-driven move. Read More.
• Neutral Sentiment: Longer-term investment story coverage — articles on RGA’s portfolio moves (e.g., Portland industrial exposure and leadership changes) provide context on where management is steering the investment book; useful for longer-term positioning. Read More.
• Negative Sentiment: Pre-earnings estimate drift flagged — some pre-release coverage noted slipping estimates, which creates some uncertainty around forward EPS previews and could prompt analyst revisions despite the beat. Read More.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock opened at $205.77 on Friday. The company has a market cap of $13.52 billion, a PE ratio of 15.83 and a beta of 0.53. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.44. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $231.92. The business has a 50 day moving average price of $199.85 and a 200-day moving average price of $193.48.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.86 by $1.89. The firm had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.25 billion. Reinsurance Group of America had a net margin of 3.89% and a return on equity of 12.19%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.99 EPS. Equities analysts anticipate 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 will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.93 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $3.72 annualized dividend and a yield of 1.8%. Reinsurance Group of America’s dividend payout ratio (DPR) is 28.62%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.