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

Xponance Inc. grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,840 shares of the insurance provider’s stock after purchasing 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).

A number of other hedge funds have also modified their holdings of the company. Eagle Asset Management Inc. boosted its position in shares of Reinsurance Group of America by 15.7% during the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock worth $25,297,000 after acquiring an additional 15,289 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Reinsurance Group of America by 19.2% during the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock worth $38,895,000 after acquiring an additional 29,352 shares during the last quarter. Martin Capital Partners LLC bought a new position in shares of Reinsurance Group of America during the fourth quarter worth $1,788,000. Nordea Investment Management AB boosted its position in shares of Reinsurance Group of America by 4.8% during the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock worth $19,232,000 after acquiring an additional 4,119 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Reinsurance Group of America by 23.8% during the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock worth $3,077,000 after acquiring an additional 2,768 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Morgan Stanley decreased their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Evercore ISI decreased their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Piper Sandler decreased their price target 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. Finally, JPMorgan Chase & Co. upped 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 note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average price target of $231.85.

Reinsurance Group of America Stock Down 0.0 %

NYSE:RGA opened at $191.53 on Friday. Reinsurance Group of America, Incorporated has a fifty-two week low of $178.84 and a fifty-two week high of $233.81. The stock has a market capitalization of $12.65 billion, a P/E ratio of 17.83 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The company’s 50-day simple moving average is $207.05 and its 200-day simple moving average is $214.02.

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%. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

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