Xponance Inc. Acquires 516 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Xponance Inc. increased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,840 shares of the insurance provider’s stock after acquiring an additional 516 shares during the quarter. Xponance Inc.’s holdings in Reinsurance Group of America were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA increased its stake 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 increased its stake in shares of Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 57 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Reinsurance Group of America in the 4th quarter worth about $44,000. Versant Capital Management Inc increased its stake in shares of Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 80 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Reinsurance Group of America by 105.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 312 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 160 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RGA has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Piper Sandler reduced 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 note 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. JPMorgan Chase & Co. raised their price objective on shares of 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. Finally, Evercore ISI reduced their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $231.85.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $191.53 on Friday. The firm has a 50 day moving average of $207.05 and a 200 day moving average of $214.02. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 17.83 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 12-month low of $178.84 and a 12-month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) 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 14.55%. On average, research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.86%. Reinsurance Group of America’s payout ratio is currently 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.