Stephens Inc. AR Acquires Shares of 1,322 Reinsurance Group of America, Incorporated (NYSE:RGA)

Stephens Inc. AR bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,322 shares of the insurance provider’s stock, valued at approximately $282,000.

Several other institutional investors also recently modified their holdings of RGA. Private Trust Co. NA raised its holdings in Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after buying an additional 120 shares during the last quarter. Strengthening Families & Communities LLC purchased a new position in shares of Reinsurance Group of America in the 3rd quarter worth $36,000. Capital Performance Advisors LLP bought a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at about $37,000. Spire Wealth Management increased its holdings in 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 buying an additional 57 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 80 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Down 2.3 %

Shares of RGA opened at $199.72 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 18.60 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 1 year low of $167.80 and a 1 year high of $233.81. The business’s 50 day simple moving average is $216.39 and its 200-day simple moving average is $216.67.

Reinsurance Group of America (NYSE:RGA) last released 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 14.80%. As a group, equities analysts expect that Reinsurance Group of America, Incorporated will post 23.14 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.78%. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on RGA shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Barclays dropped their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of 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. Morgan Stanley dropped their target price 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. Finally, Piper Sandler decreased their price target on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Three research 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 company. Based on data from MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and an average price target of $228.08.

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.