580 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Bought by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust purchased a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 580 shares of the insurance provider’s stock, valued at approximately $124,000.

Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA lifted its holdings in Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 120 shares during the period. Strengthening Families & Communities LLC bought a new stake in Reinsurance Group of America during the third quarter worth $36,000. Capital Performance Advisors LLP bought a new stake in Reinsurance Group of America during the third quarter worth $37,000. Spire Wealth Management lifted 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 worth $43,000 after acquiring an additional 57 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 80 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $199.41 on Thursday. Reinsurance Group of America, Incorporated has a 52 week low of $167.80 and a 52 week high of $233.81. The business has a 50-day simple moving average of $215.90 and a 200 day simple moving average of $216.41. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 18.57 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results 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 return on equity of 14.55% and a net margin of 3.24%. On average, research analysts forecast that Reinsurance Group of America, Incorporated will post 22.88 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s payout ratio is currently 33.15%.

Analyst Upgrades and Downgrades

RGA has been the topic of several research reports. Piper Sandler lowered 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 note on Monday, February 10th. JPMorgan Chase & Co. boosted their target price 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. Barclays lowered their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley lowered their target price on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, Wells Fargo & Company boosted their target price on Reinsurance Group of America from $244.00 to $263.00 and gave the company an “overweight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $229.54.

Reinsurance Group of America 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.