Reinsurance Group of America, Incorporated (NYSE:RGA) Position Boosted by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 2,300.0% during the fourth quarter, Holdings Channel reports. The firm owned 768 shares of the insurance provider’s stock after purchasing an additional 736 shares during the period. TD Private Client Wealth LLC’s holdings in Reinsurance Group of America were worth $164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RGA. Principal Financial Group Inc. increased its holdings in shares of Reinsurance Group of America by 19.2% in the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock valued at $38,895,000 after buying an additional 29,352 shares in the last quarter. Martin Capital Partners LLC acquired a new stake in shares of Reinsurance Group of America during the fourth quarter worth $1,788,000. Nordea Investment Management AB lifted its holdings 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 valued at $19,232,000 after purchasing an additional 4,119 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Reinsurance Group of America by 23.8% in the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock valued at $3,077,000 after purchasing an additional 2,768 shares during the period. Finally, Franklin Resources Inc. increased its stake in Reinsurance Group of America by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock worth $16,862,000 after purchasing an additional 5,699 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on RGA. Wells Fargo & Company upped 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 note on Tuesday, February 25th. 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 research note on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Evercore ISI lowered their price target on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, 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 Performance

Shares of NYSE RGA opened at $201.74 on Wednesday. Reinsurance Group of America, Incorporated has a one year low of $178.84 and a one year high of $233.81. The business’s 50-day moving average price is $206.37 and its two-hundred day moving average price is $213.78. 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 company has a market capitalization of $13.32 billion, a P/E ratio of 18.78 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly 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 net margin of 3.24% and a return on equity of 14.55%. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. 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 1.76%. Reinsurance Group of America’s dividend payout ratio is currently 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.