Reinsurance Group of America, Incorporated $RGA Stock Holdings Lifted by Assetmark Inc.

Assetmark Inc. lifted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 42.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,113 shares of the insurance provider’s stock after buying an additional 329 shares during the period. Assetmark Inc.’s holdings in Reinsurance Group of America were worth $221,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. grew its position in Reinsurance Group of America by 67.9% in the first quarter. American Century Companies Inc. now owns 1,511,927 shares of the insurance provider’s stock worth $297,699,000 after acquiring an additional 611,226 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Reinsurance Group of America by 534.1% during the second quarter. Nordea Investment Management AB now owns 570,386 shares of the insurance provider’s stock valued at $112,828,000 after purchasing an additional 480,435 shares during the period. Nuveen LLC acquired a new stake in shares of Reinsurance Group of America during the 1st quarter valued at about $69,092,000. Bahl & Gaynor Inc. bought a new position in shares of Reinsurance Group of America during the 1st quarter worth approximately $55,375,000. Finally, AQR Capital Management LLC increased its position in shares of Reinsurance Group of America by 66.5% during the 1st quarter. AQR Capital Management LLC now owns 616,946 shares of the insurance provider’s stock worth $119,687,000 after purchasing an additional 246,361 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 0.4%

Shares of NYSE:RGA opened at $190.39 on Friday. The company has a market capitalization of $12.51 billion, a P/E ratio of 16.53 and a beta of 0.62. The business’s 50 day simple moving average is $190.86 and its 200 day simple moving average is $194.12. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.57. The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.02 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $6.13 earnings per share. On average, research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $3.72 annualized dividend and a yield of 2.0%. Reinsurance Group of America’s dividend payout ratio is presently 28.62%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their price objective on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Raymond James Financial lowered shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Finally, Piper Sandler reissued an “overweight” rating on shares of Reinsurance Group of America in a research note on Tuesday, October 7th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.89.

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.