B. Metzler seel. Sohn & Co. AG Increases Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

B. Metzler seel. Sohn & Co. AG increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 63,250 shares of the insurance provider’s stock after purchasing an additional 9,075 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Reinsurance Group of America were worth $13,479,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its position in shares of Reinsurance Group of America by 389.4% during the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock valued at $239,911,000 after buying an additional 893,537 shares during the period. Norges Bank purchased a new position in Reinsurance Group of America during the 4th quarter valued at $174,082,000. Raymond James Financial Inc. bought a new position in Reinsurance Group of America in the 4th quarter valued at $48,724,000. JPMorgan Chase & Co. increased its stake in Reinsurance Group of America by 47.7% in the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after purchasing an additional 117,829 shares during the period. Finally, LPL Financial LLC increased its stake in Reinsurance Group of America by 234.7% in the fourth quarter. LPL Financial LLC now owns 108,229 shares of the insurance provider’s stock worth $23,121,000 after purchasing an additional 75,891 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock opened at $195.69 on Monday. The company has a market capitalization of $12.92 billion, a PE ratio of 18.22 and a beta of 0.91. The company has a 50-day simple moving average of $204.94 and a two-hundred day simple moving average of $213.54. Reinsurance Group of America, Incorporated has a one year low of $178.84 and a one year high of $233.81. 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 (NYSE:RGA) last posted 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 return on equity of 14.55% and a net margin of 3.24%. Research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.82%. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Wall Street Analysts Forecast Growth

RGA has been the subject of a number of recent analyst reports. Evercore ISI lowered their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Barclays dropped their target price on shares of 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 decreased their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Piper Sandler decreased their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research 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 issued 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 a consensus target price of $231.85.

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.