Healthcare of Ontario Pension Plan Trust Fund Buys 5,320 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGAGet Rating) by 34.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,667 shares of the insurance provider’s stock after buying an additional 5,320 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Reinsurance Group of America were worth $2,424,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RGA. Kestra Advisory Services LLC bought a new stake in shares of Reinsurance Group of America during the 1st quarter worth about $211,000. Envestnet Asset Management Inc. boosted its holdings in Reinsurance Group of America by 22.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 101,136 shares of the insurance provider’s stock valued at $11,070,000 after purchasing an additional 18,695 shares during the period. Clearstead Advisors LLC bought a new stake in Reinsurance Group of America in the 1st quarter valued at about $693,000. Advisor Group Holdings Inc. boosted its holdings in Reinsurance Group of America by 27.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 12,367 shares of the insurance provider’s stock valued at $1,467,000 after purchasing an additional 2,644 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Reinsurance Group of America by 191.4% in the 1st quarter. Russell Investments Group Ltd. now owns 465,153 shares of the insurance provider’s stock valued at $50,912,000 after purchasing an additional 305,551 shares during the period. Institutional investors own 97.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RGA. Credit Suisse Group boosted their price objective on shares of Reinsurance Group of America to $144.00 in a report on Thursday, October 27th. TheStreet raised shares of Reinsurance Group of America from a “c+” rating to a “b-” rating in a report on Thursday, November 3rd. Barclays upped their price target on shares of 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. Citigroup upped their price target on shares of Reinsurance Group of America from $112.00 to $116.00 in a report on Wednesday, November 16th. Finally, JPMorgan Chase & Co. downgraded shares of Reinsurance Group of America from an “overweight” rating to a “neutral” rating and set a $136.00 price target for the company. in a report on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $134.80.

Reinsurance Group of America Price Performance

RGA stock opened at $141.03 on Thursday. The company has a 50 day simple moving average of $135.44 and a 200 day simple moving average of $126.02. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 16.63 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 1 year low of $94.32 and a 1 year high of $148.75. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.14 and a quick ratio of 0.14.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Tuesday, November 15th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Monday, November 14th. Reinsurance Group of America’s dividend payout ratio is 37.74%.

Reinsurance Group of America 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

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

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