Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,185 shares of the insurance provider’s stock after purchasing an additional 6,612 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.24% of Reinsurance Group of America worth $34,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in RGA. Wolff Wiese Magana LLC acquired a new position in shares of Reinsurance Group of America during the third quarter valued at approximately $34,000. Private Trust Co. NA increased its stake in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 120 shares during the period. Strengthening Families & Communities LLC acquired a new position in shares of Reinsurance Group of America during the third quarter valued at approximately $36,000. Capital Performance Advisors LLP acquired a new position in shares of Reinsurance Group of America during the third quarter valued at approximately $37,000. Finally, Spire Wealth Management increased its stake in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RGA shares. Piper Sandler lowered their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price target 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. Barclays cut their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Morgan Stanley decreased their target price on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Reinsurance Group of America has an average rating of “Moderate Buy” and an average price target of $228.08.

Reinsurance Group of America Stock Down 2.3 %

NYSE:RGA opened at $199.72 on Friday. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 18.60 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 1-year low of $167.80 and a 1-year high of $233.81. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The business’s fifty day moving average price is $216.81 and its 200 day moving average price is $216.89.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.80%. On average, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 23.14 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 33.15%.

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.