Reinsurance Group of America, Incorporated (NYSE:RGA) Stock Position Lifted by Choreo LLC

Choreo LLC raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,486 shares of the insurance provider’s stock after buying an additional 353 shares during the quarter. Choreo LLC’s holdings in Reinsurance Group of America were worth $528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Reinsurance Group of America by 65.1% in the third quarter. CWM LLC now owns 2,244 shares of the insurance provider’s stock worth $489,000 after acquiring an additional 885 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in Reinsurance Group of America in the third quarter valued at about $25,000. Creative Planning increased its position in Reinsurance Group of America by 3.1% in the 3rd quarter. Creative Planning now owns 10,370 shares of the insurance provider’s stock worth $2,259,000 after purchasing an additional 314 shares during the last quarter. Occidental Asset Management LLC purchased a new stake in shares of Reinsurance Group of America during the 3rd quarter worth about $1,299,000. Finally, Wolff Wiese Magana LLC acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays dropped their price objective on 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. Royal Bank of Canada restated an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a report on Monday. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Piper Sandler cut their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Three research 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $228.31.

Reinsurance Group of America Stock Performance

RGA opened at $196.98 on Wednesday. Reinsurance Group of America, Incorporated has a 12-month low of $165.38 and a 12-month high of $233.81. The firm has a market capitalization of $12.97 billion, a P/E ratio of 18.34 and a beta of 0.93. The stock’s 50 day moving average price is $218.19 and its two-hundred day moving average price is $217.27. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last announced 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 14.80% and a net margin of 3.24%. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 23.14 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is currently 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.