Impact Investors Inc Takes $1.39 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Impact Investors Inc bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,518 shares of the insurance provider’s stock, valued at approximately $1,392,000. Reinsurance Group of America makes up 1.1% of Impact Investors Inc’s portfolio, making the stock its 25th largest holding.

A number of other institutional investors have also added to or reduced their stakes in RGA. WCM Investment Management LLC increased its position in shares of Reinsurance Group of America by 1,208.5% during the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock valued at $527,742,000 after purchasing an additional 2,260,605 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Reinsurance Group of America by 47.7% during the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock valued at $79,512,000 after buying an additional 117,829 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Reinsurance Group of America by 2,791.1% in the 4th quarter. CIBC Asset Management Inc now owns 67,884 shares of the insurance provider’s stock valued at $14,502,000 after acquiring an additional 65,536 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Reinsurance Group of America in the 3rd quarter worth approximately $11,803,000. Finally, Handelsbanken Fonder AB lifted its position in Reinsurance Group of America by 121.1% in the fourth quarter. Handelsbanken Fonder AB now owns 97,300 shares of the insurance provider’s stock valued at $20,786,000 after purchasing an additional 53,300 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

RGA has been the subject of several research analyst reports. Piper Sandler dropped their price objective on 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. Wells Fargo & Company upped their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays reduced their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Finally, Morgan Stanley lowered their target price on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $229.62.

Reinsurance Group of America Stock Up 0.2 %

Shares of RGA opened at $199.84 on Wednesday. Reinsurance Group of America, Incorporated has a 1 year low of $171.84 and a 1 year high of $233.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The business’s 50 day simple moving average is $214.48 and its 200-day simple moving average is $216.35. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 18.61 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. As a group, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

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.