Vanguard Group Inc. Has $1.54 Billion Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Vanguard Group Inc. lifted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,213,971 shares of the insurance provider’s stock after acquiring an additional 51,733 shares during the quarter. Vanguard Group Inc. owned approximately 10.95% of Reinsurance Group of America worth $1,541,121,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RGA. Private Trust Co. NA raised its holdings in Reinsurance Group of America by 333.3% during 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 last quarter. Spire Wealth Management raised 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 worth $43,000 after buying an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America in the fourth quarter valued at approximately $44,000. Versant Capital Management Inc boosted its stake in Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 80 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in Reinsurance Group of America in the fourth quarter valued at approximately $70,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $201.61 on Friday. The company has a fifty day moving average price of $205.49 and a 200 day moving average price of $213.61. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81. The firm has a market cap of $13.31 billion, a PE ratio of 18.77 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 (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate 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%. Research analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.77%. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. 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 note on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Wells Fargo & Company upped their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Evercore ISI decreased their price objective on shares of 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. Finally, Barclays cut their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.85.

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.