Dana Investment Advisors Inc. Has $20.81 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Dana Investment Advisors Inc. grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,398 shares of the insurance provider’s stock after buying an additional 610 shares during the quarter. Reinsurance Group of America accounts for about 0.7% of Dana Investment Advisors Inc.’s portfolio, making the stock its 29th largest holding. Dana Investment Advisors Inc.’s holdings in Reinsurance Group of America were worth $20,807,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. WCM Investment Management LLC increased its position in Reinsurance Group of America by 1.4% in the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock valued at $526,911,000 after acquiring an additional 33,082 shares during the period. Geode Capital Management LLC boosted its stake in Reinsurance Group of America by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock worth $241,849,000 after acquiring an additional 18,162 shares in the last quarter. Stifel Financial Corp boosted its stake in Reinsurance Group of America by 8.2% during the third quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider’s stock worth $79,872,000 after acquiring an additional 27,931 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 117,829 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in Reinsurance Group of America by 0.3% during the third quarter. Loomis Sayles & Co. L P now owns 209,683 shares of the insurance provider’s stock worth $45,683,000 after buying an additional 649 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. 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 report on Monday, February 10th. JPMorgan Chase & Co. increased their target price 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. 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 report on Tuesday, February 25th. Finally, Morgan Stanley cut 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 report on Friday, February 14th. Three research 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $229.62.

Reinsurance Group of America Trading Up 1.3 %

RGA stock opened at $195.59 on Thursday. The company has a market capitalization of $12.91 billion, a PE ratio of 18.21 and a beta of 0.93. Reinsurance Group of America, Incorporated has a one year low of $178.75 and a one year high of $233.81. The company’s 50 day moving average price is $213.39 and its two-hundred day moving average price is $215.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results 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 return on equity of 14.55% and a net margin of 3.24%. As a group, analysts predict 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 business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 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.