Daiwa Securities Group Inc. Boosts Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Daiwa Securities Group Inc. raised its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 28.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,600 shares of the insurance provider’s stock after purchasing an additional 800 shares during the period. Daiwa Securities Group Inc.’s holdings in Reinsurance Group of America were worth $769,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RGA. Oppenheimer & Co. Inc. purchased a new position in Reinsurance Group of America during the third quarter valued at $242,000. KBC Group NV lifted its holdings in Reinsurance Group of America by 14.7% during the third quarter. KBC Group NV now owns 1,705 shares of the insurance provider’s stock valued at $371,000 after purchasing an additional 219 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Reinsurance Group of America by 5.5% during the third quarter. CIBC Asset Management Inc now owns 2,348 shares of the insurance provider’s stock valued at $512,000 after purchasing an additional 123 shares in the last quarter. Empowered Funds LLC purchased a new position in Reinsurance Group of America during the third quarter valued at $4,912,000. Finally, Natixis Advisors LLC lifted its holdings in Reinsurance Group of America by 31.1% during the third quarter. Natixis Advisors LLC now owns 193,698 shares of the insurance provider’s stock valued at $42,201,000 after purchasing an additional 45,924 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

Shares of RGA opened at $191.98 on Friday. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81. The stock has a market cap of $12.68 billion, a PE ratio of 17.88 and a beta of 0.91. The firm has a 50-day simple moving average of $209.88 and a two-hundred day simple moving average of $214.98. 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 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 net margin of 3.24% and a return on equity of 14.55%. As a group, analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS 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. Investors of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 33.15%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RGA shares. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Evercore ISI decreased their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday. Piper Sandler cut 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 research report on Monday, February 10th. Royal Bank of Canada restated an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, 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 research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $231.85.

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.