Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,543 shares of the insurance provider’s stock after buying an additional 220 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Reinsurance Group of America were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alliancebernstein L.P. grew its position in Reinsurance Group of America by 389.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock valued at $239,911,000 after acquiring an additional 893,537 shares in the last quarter. Norges Bank purchased a new position in shares of Reinsurance Group of America in the fourth quarter valued at approximately $174,082,000. Raymond James Financial Inc. purchased a new position in shares of Reinsurance Group of America in the fourth quarter valued at approximately $48,724,000. JPMorgan Chase & Co. grew its holdings in shares of Reinsurance Group of America by 47.7% in the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock valued at $79,512,000 after purchasing an additional 117,829 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Reinsurance Group of America by 234.7% during the 4th quarter. LPL Financial LLC now owns 108,229 shares of the insurance provider’s stock worth $23,121,000 after buying an additional 75,891 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

RGA has been the subject of several research reports. Evercore ISI dropped their price target 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. Barclays lowered their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Piper Sandler reduced their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. UBS Group reiterated a “neutral” rating and set a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday. Finally, 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 report on Tuesday, February 25th. Three 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 stock. According to MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $230.38.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $172.27 on Friday. The company has a fifty day moving average of $201.62 and a two-hundred day moving average of $212.73. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 1 year low of $170.19 and a 1 year high of $233.81. The company has a market capitalization of $11.37 billion, a PE ratio of 16.04 and a beta of 0.91.

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 analysts’ consensus estimates 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%. As a group, analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.07%. Reinsurance Group of America’s payout ratio is 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.