Baird Financial Group Inc. Purchases 1,717 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Baird Financial Group Inc. boosted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGAGet Rating) by 16.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,138 shares of the insurance provider’s stock after acquiring an additional 1,717 shares during the period. Baird Financial Group Inc.’s holdings in Reinsurance Group of America were worth $1,423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its holdings in Reinsurance Group of America by 16.5% during the first quarter. Truist Financial Corp now owns 10,025 shares of the insurance provider’s stock valued at $1,097,000 after purchasing an additional 1,420 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Reinsurance Group of America during the first quarter valued at approximately $211,000. DekaBank Deutsche Girozentrale boosted its holdings in Reinsurance Group of America by 5,376.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 4,600 shares of the insurance provider’s stock valued at $507,000 after purchasing an additional 4,516 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Reinsurance Group of America by 17.9% during the first quarter. Park Avenue Securities LLC now owns 4,247 shares of the insurance provider’s stock valued at $465,000 after purchasing an additional 644 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Reinsurance Group of America by 193.7% during the first quarter. SG Americas Securities LLC now owns 17,753 shares of the insurance provider’s stock valued at $1,943,000 after purchasing an additional 11,709 shares in the last quarter. 97.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RGA has been the topic of a number of recent research reports. Credit Suisse Group lifted their price objective on Reinsurance Group of America to $144.00 in a report on Thursday, October 27th. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Morgan Stanley boosted their target price on Reinsurance Group of America from $140.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, November 4th. Royal Bank of Canada boosted their target price on Reinsurance Group of America from $132.00 to $145.00 and gave the stock a “sector perform” rating in a report on Monday, November 7th. Finally, Barclays boosted their target price on Reinsurance Group of America from $138.00 to $148.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $134.80.

Reinsurance Group of America Stock Up 2.4 %

NYSE:RGA opened at $138.83 on Friday. The stock’s fifty day moving average price is $134.85 and its two-hundred day moving average price is $125.33. Reinsurance Group of America, Incorporated has a 52-week low of $94.32 and a 52-week high of $148.75. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.14 and a current ratio of 0.14. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 16.37 and a beta of 0.93.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Monday, November 14th. Reinsurance Group of America’s payout ratio is 37.74%.

Reinsurance Group of America Company Profile

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Reinsurance Group of America, Incorporated engages in reinsurance business. It 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.

See Also

Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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