Reinsurance Group of America, Incorporated (NYSE:RGA) Stock Holdings Raised by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 2,300.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 768 shares of the insurance provider’s stock after purchasing an additional 736 shares during the period. TD Private Client Wealth LLC’s holdings in Reinsurance Group of America were worth $164,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA grew its position in shares of Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 120 shares in the last quarter. Spire Wealth Management lifted its stake 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 purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America in the fourth quarter worth $44,000. Versant Capital Management Inc increased its stake 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 valued at $62,000 after purchasing an additional 80 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Reinsurance Group of America during the fourth quarter worth $70,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Performance

RGA stock opened at $201.74 on Wednesday. The company has a 50-day simple moving average of $206.37 and a 200 day simple moving average of $213.78. The company has a market capitalization of $13.32 billion, a P/E ratio of 18.78 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a fifty-two week low of $178.84 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RGA. Wells Fargo & Company boosted 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 report on Tuesday, February 25th. Barclays lowered their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Piper Sandler cut 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. Evercore ISI lowered their price objective on 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. Finally, JPMorgan Chase & Co. raised 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. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and an average price target of $231.85.

About Reinsurance Group of America

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.