Richard W. Paul & Associates LLC Buys 268 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Richard W. Paul & Associates LLC boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 24.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,374 shares of the insurance provider’s stock after acquiring an additional 268 shares during the period. Richard W. Paul & Associates LLC’s holdings in Reinsurance Group of America were worth $294,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. increased its stake in Reinsurance Group of America by 15.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock worth $25,297,000 after acquiring an additional 15,289 shares during the period. Principal Financial Group Inc. increased its stake in shares of Reinsurance Group of America by 19.2% in the 4th quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock valued at $38,895,000 after purchasing an additional 29,352 shares during the last quarter. Martin Capital Partners LLC bought a new position in shares of Reinsurance Group of America in the 4th quarter valued at $1,788,000. Nordea Investment Management AB increased its stake in shares of Reinsurance Group of America by 4.8% in the 4th quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock valued at $19,232,000 after purchasing an additional 4,119 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Reinsurance Group of America by 23.8% in the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock valued at $3,077,000 after purchasing an additional 2,768 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RGA shares. 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 research note on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price target 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. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, Barclays decreased their price target 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. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $229.62.

Reinsurance Group of America Stock Up 1.1 %

Shares of RGA opened at $202.78 on Friday. The company has a market capitalization of $13.39 billion, a PE ratio of 18.88 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 12 month low of $174.45 and a 12 month high of $233.81. The stock’s 50-day moving average price is $214.26 and its two-hundred day moving average price is $216.22. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last announced 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, analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.76%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s payout ratio is presently 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.