Swiss National Bank Has $27.67 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Swiss National Bank grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,500 shares of the insurance provider’s stock after buying an additional 1,000 shares during the quarter. Swiss National Bank’s holdings in Reinsurance Group of America were worth $27,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Essential Planning LLC. bought a new position in Reinsurance Group of America in the 4th quarter worth approximately $1,658,000. GC Wealth Management RIA LLC acquired a new position in Reinsurance Group of America in the fourth quarter worth $201,000. Daiwa Securities Group Inc. boosted its stake in Reinsurance Group of America by 28.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,600 shares of the insurance provider’s stock worth $769,000 after purchasing an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Reinsurance Group of America by 28.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,665 shares of the insurance provider’s stock valued at $9,969,000 after acquiring an additional 10,206 shares during the period. Finally, Machina Capital S.A.S. lifted its stake in shares of Reinsurance Group of America by 77.9% during the fourth quarter. Machina Capital S.A.S. now owns 1,827 shares of the insurance provider’s stock valued at $390,000 after acquiring an additional 800 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $192.82 on Tuesday. The firm has a market cap of $12.73 billion, a P/E ratio of 17.95 and a beta of 0.91. 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 1-year low of $178.84 and a 1-year high of $233.81. The business’s 50 day moving average is $209.37 and its 200-day moving average is $214.78.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Equities research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.85%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RGA shares. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Morgan Stanley decreased their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Evercore ISI decreased their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Barclays decreased 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. Finally, JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average price target of $231.85.

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.