Handelsbanken Fonder AB Acquires 53,300 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Handelsbanken Fonder AB increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 121.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 97,300 shares of the insurance provider’s stock after purchasing an additional 53,300 shares during the period. Handelsbanken Fonder AB owned 0.15% of Reinsurance Group of America worth $20,786,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of RGA. Spire Wealth Management boosted its holdings 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 worth $43,000 after acquiring an additional 57 shares during the period. Baron Wealth Management LLC boosted its holdings in shares of Reinsurance Group of America by 4.5% during the third quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider’s stock worth $324,000 after acquiring an additional 64 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Reinsurance Group of America by 3.0% during the third quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider’s stock worth $514,000 after acquiring an additional 69 shares during the period. Mount Lucas Management LP boosted its holdings in shares of Reinsurance Group of America by 2.9% during the third quarter. Mount Lucas Management LP now owns 2,592 shares of the insurance provider’s stock worth $565,000 after acquiring an additional 72 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Reinsurance Group of America by 0.5% during the fourth quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock worth $3,039,000 after acquiring an additional 72 shares during the period. Institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

RGA has been the subject of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. Piper Sandler dropped their price target 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 lifted their price target on shares of Reinsurance Group of America from $244.00 to $263.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley dropped their price target 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 report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.54.

Reinsurance Group of America Stock Down 3.4 %

Shares of RGA opened at $189.40 on Friday. Reinsurance Group of America, Incorporated has a one year low of $169.08 and a one year high of $233.81. The company has a market cap of $12.47 billion, a P/E ratio of 17.63 and a beta of 0.93. 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 50 day simple moving average of $215.37 and a two-hundred day simple moving average of $216.15.

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 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%. Research analysts forecast that Reinsurance Group of America, Incorporated will post 22.88 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.88%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

Reinsurance Group of America Company 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.