Daiwa Securities Group Inc. Raises Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Daiwa Securities Group Inc. raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 28.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,600 shares of the insurance provider’s stock after acquiring an additional 800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Reinsurance Group of America were worth $769,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RGA. Private Trust Co. NA lifted its stake in Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 120 shares during the last quarter. Strengthening Families & Communities LLC purchased a new stake in shares of Reinsurance Group of America during the 3rd quarter worth approximately $36,000. Spire Wealth Management lifted its position in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after buying an additional 57 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Reinsurance Group of America during the 4th quarter worth approximately $44,000. Finally, Versant Capital Management Inc lifted its position in shares of Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 3.2 %

Shares of Reinsurance Group of America stock opened at $191.98 on Friday. The company has a market cap of $12.68 billion, a P/E ratio of 17.88 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. Reinsurance Group of America, Incorporated has a one year low of $178.84 and a one year high of $233.81. The firm has a fifty day moving average of $209.88 and a two-hundred day moving average of $214.98.

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 14.55% and a net margin of 3.24%. On average, analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared 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 1.85%. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RGA. Morgan Stanley reduced 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. Barclays reduced their price objective on shares of 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. Wells Fargo & Company lifted their target price 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. Evercore ISI decreased 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.85.

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.