Nicolet Advisory Services LLC Boosts Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Nicolet Advisory Services LLC raised its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,543 shares of the insurance provider’s stock after buying an additional 220 shares during the period. Nicolet Advisory Services LLC’s holdings in Reinsurance Group of America were worth $333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. raised its position in 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 acquiring an additional 893,537 shares in the last quarter. Norges Bank purchased a new position in shares of Reinsurance Group of America during the 4th quarter valued at approximately $174,082,000. Raymond James Financial Inc. acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at $48,724,000. JPMorgan Chase & Co. boosted its holdings in Reinsurance Group of America by 47.7% during the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after buying an additional 117,829 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Reinsurance Group of America by 234.7% during the fourth quarter. LPL Financial LLC now owns 108,229 shares of the insurance provider’s stock worth $23,121,000 after buying an additional 75,891 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RGA. Piper Sandler decreased 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. Wells Fargo & Company increased their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Barclays decreased their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Evercore ISI cut their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Three 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $230.38.

Reinsurance Group of America Price Performance

RGA stock opened at $172.27 on Friday. Reinsurance Group of America, Incorporated has a 1 year low of $170.19 and a 1 year high of $233.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The firm has a market capitalization of $11.37 billion, a PE ratio of 16.04 and a beta of 0.91. The business has a 50 day simple moving average of $201.62 and a 200-day simple moving average of $212.73.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) 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%. Equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 2.07%. Reinsurance Group of America’s payout ratio is 33.15%.

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.