Caprock Group LLC Invests $948,000 in Reinsurance Group of America, Incorporated $RGA

Caprock Group LLC purchased a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,867 shares of the insurance provider’s stock, valued at approximately $948,000.

A number of other institutional investors also recently made changes to their positions in RGA. WCM Investment Management LLC increased its stake in shares of Reinsurance Group of America by 3.6% during the third quarter. WCM Investment Management LLC now owns 2,734,458 shares of the insurance provider’s stock worth $519,356,000 after purchasing an additional 94,479 shares during the period. American Century Companies Inc. grew its holdings in Reinsurance Group of America by 35.2% in the 2nd quarter. American Century Companies Inc. now owns 2,044,818 shares of the insurance provider’s stock valued at $405,610,000 after buying an additional 532,891 shares in the last quarter. Geode Capital Management LLC grew its holdings in Reinsurance Group of America by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,219,609 shares of the insurance provider’s stock valued at $241,960,000 after buying an additional 53,211 shares in the last quarter. Norges Bank bought a new position in Reinsurance Group of America during the 2nd quarter worth $167,955,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Reinsurance Group of America by 29.6% during the second quarter. AQR Capital Management LLC now owns 799,675 shares of the insurance provider’s stock worth $158,352,000 after buying an additional 182,729 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Morgan Stanley set a $208.00 target price on shares of Reinsurance Group of America in a report on Monday, December 15th. Keefe, Bruyette & Woods dropped their price target 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. Barclays set a $245.00 price target on Reinsurance Group of America and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, Piper Sandler restated an “overweight” rating and set a $263.00 price objective on shares of Reinsurance Group of America in a research note on Friday, February 6th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Reinsurance Group of America Stock Down 1.9%

NYSE RGA opened at $220.08 on Monday. The business has a fifty day moving average price of $203.42 and a two-hundred day moving average price of $194.63. The stock has a market capitalization of $14.46 billion, a PE ratio of 12.40 and a beta of 0.53. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $229.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.14 and a quick ratio of 0.13.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, topping analysts’ consensus estimates of $5.86 by $1.89. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The company had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same quarter in the previous year, the firm earned $4.99 EPS. Reinsurance Group of America’s revenue was up 26.6% on a year-over-year basis. Equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.7%. Reinsurance Group of America’s dividend payout ratio is 20.96%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.