Allspring Global Investments Holdings LLC Has $34.26 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Allspring Global Investments Holdings LLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,185 shares of the insurance provider’s stock after purchasing an additional 6,612 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Reinsurance Group of America were worth $34,258,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RGA. CWM LLC increased its position in Reinsurance Group of America by 65.1% in the 3rd quarter. CWM LLC now owns 2,244 shares of the insurance provider’s stock worth $489,000 after purchasing an additional 885 shares during the last quarter. Creative Planning increased its holdings in shares of Reinsurance Group of America by 3.1% during the 3rd quarter. Creative Planning now owns 10,370 shares of the insurance provider’s stock valued at $2,259,000 after acquiring an additional 314 shares during the last quarter. Wolff Wiese Magana LLC acquired a new position in shares of Reinsurance Group of America during the 3rd quarter valued at about $34,000. Claro Advisors LLC acquired a new position in shares of Reinsurance Group of America during the 3rd quarter valued at about $6,209,000. Finally, Trust Point Inc. increased its holdings in shares of Reinsurance Group of America by 6.9% during the 3rd quarter. Trust Point Inc. now owns 1,242 shares of the insurance provider’s stock valued at $271,000 after acquiring an additional 80 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

Shares of RGA stock opened at $199.72 on Friday. The stock has a 50 day moving average of $216.81 and a two-hundred day moving average of $216.89. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. Reinsurance Group of America, Incorporated has a 12 month low of $167.80 and a 12 month high of $233.81. The company has a market capitalization of $13.15 billion, a P/E ratio of 18.60 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.80% and a net margin of 3.24%. As a group, equities analysts expect that Reinsurance Group of America, Incorporated will post 23.14 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.78%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RGA. Barclays lowered their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Morgan Stanley decreased their target price on 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. JPMorgan Chase & Co. increased 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. Finally, Piper Sandler decreased their target price on 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. Three equities research 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 company’s stock. According to MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus price target of $228.08.

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.