Amalgamated Bank Grows Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Amalgamated Bank boosted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 31,493 shares of the insurance provider’s stock after purchasing an additional 109 shares during the period. Amalgamated Bank’s holdings in Reinsurance Group of America were worth $6,728,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Spire Wealth Management lifted its holdings in Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 57 shares during the period. Baron Wealth Management LLC increased its holdings in shares of Reinsurance Group of America by 4.5% in the 3rd quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider’s stock valued at $324,000 after purchasing an additional 64 shares in the last quarter. Mount Lucas Management LP lifted its stake in shares of Reinsurance Group of America by 2.9% in the third quarter. Mount Lucas Management LP now owns 2,592 shares of the insurance provider’s stock valued at $565,000 after purchasing an additional 72 shares during the period. Inspire Investing LLC boosted its holdings in Reinsurance Group of America by 0.5% during the fourth quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock worth $3,039,000 after buying an additional 72 shares in the last quarter. Finally, Integrated Investment Consultants LLC grew its position in Reinsurance Group of America by 2.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider’s stock worth $715,000 after buying an additional 77 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RGA has been the topic of several research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Piper Sandler decreased their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. raised 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. Barclays decreased 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 report on Monday, January 6th. Finally, Wells Fargo & Company raised their target price on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average target price of $229.62.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $199.31 on Thursday. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 18.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a 1 year low of $171.84 and a 1 year high of $233.81. The company’s 50 day simple moving average is $214.44 and its 200 day simple moving average is $216.23.

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 (EPS) 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%. On average, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Reinsurance Group of America Company 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.