Mutual of America Capital Management LLC Boosts Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Mutual of America Capital Management LLC lifted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,395 shares of the insurance provider’s stock after purchasing an additional 860 shares during the period. Mutual of America Capital Management LLC owned 0.09% of Reinsurance Group of America worth $12,048,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RGA. Private Trust Co. NA lifted its position in shares of Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 120 shares during the period. Strengthening Families & Communities LLC purchased a new stake in shares of Reinsurance Group of America in the 3rd quarter worth about $36,000. Capital Performance Advisors LLP purchased a new stake in shares of Reinsurance Group of America in the 3rd quarter worth about $37,000. Spire Wealth Management increased its stake in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 57 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 80 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Up 1.1 %

Shares of NYSE:RGA opened at $202.78 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $214.26 and a two-hundred day moving average of $216.22. The stock has a market cap of $13.39 billion, a P/E ratio of 18.88 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 52-week low of $174.45 and a 52-week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its quarterly 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%. On average, research analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RGA shares. Royal Bank of Canada restated an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Barclays lowered their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Morgan Stanley cut their price objective on shares of 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. Finally, Piper Sandler cut their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $229.62.

About Reinsurance Group of America

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.