Dana Investment Advisors Inc. Has $20.81 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Dana Investment Advisors Inc. increased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,398 shares of the insurance provider’s stock after purchasing an additional 610 shares during the period. Reinsurance Group of America makes up 0.7% of Dana Investment Advisors Inc.’s investment portfolio, making the stock its 29th biggest holding. Dana Investment Advisors Inc. owned 0.15% of Reinsurance Group of America worth $20,807,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Arizona State Retirement System boosted its holdings in Reinsurance Group of America by 0.9% during the fourth quarter. Arizona State Retirement System now owns 19,113 shares of the insurance provider’s stock valued at $4,083,000 after acquiring an additional 168 shares during the period. Proficio Capital Partners LLC acquired a new position in Reinsurance Group of America in the fourth quarter worth about $8,671,000. Assetmark Inc. raised its position in Reinsurance Group of America by 1,868.4% in the fourth quarter. Assetmark Inc. now owns 748 shares of the insurance provider’s stock worth $160,000 after purchasing an additional 710 shares in the last quarter. Keybank National Association OH increased its holdings in shares of Reinsurance Group of America by 2.6% during the fourth quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider’s stock worth $500,000 after buying an additional 59 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Reinsurance Group of America during the fourth quarter worth approximately $44,000. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $195.59 on Thursday. The firm has a 50-day moving average of $213.39 and a 200-day moving average of $215.99. Reinsurance Group of America, Incorporated has a one year low of $178.75 and a one year high of $233.81. The company has a market cap of $12.91 billion, a PE ratio of 18.21 and a beta of 0.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

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%. As a group, equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

Analyst Ratings Changes

Several research firms have recently weighed in on RGA. Piper Sandler dropped their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Wells Fargo & Company raised their price objective on shares of 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. Royal Bank of Canada reissued an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average target price of $229.62.

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.