American Century Companies Inc. Buys 324,239 Shares of Reinsurance Group of America, Incorporated $RGA

American Century Companies Inc. increased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 15.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,369,057 shares of the insurance provider’s stock after acquiring an additional 324,239 shares during the quarter. American Century Companies Inc. owned approximately 3.61% of Reinsurance Group of America worth $455,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Argent Trust Co raised its holdings in Reinsurance Group of America by 16.0% in the 3rd quarter. Argent Trust Co now owns 2,098 shares of the insurance provider’s stock worth $403,000 after purchasing an additional 289 shares in the last quarter. Quantbot Technologies LP raised its stake in Reinsurance Group of America by 303.7% in the third quarter. Quantbot Technologies LP now owns 38,805 shares of the insurance provider’s stock worth $7,456,000 after buying an additional 29,192 shares in the last quarter. Accredited Wealth Management LLC lifted its holdings in Reinsurance Group of America by 560.4% in the third quarter. Accredited Wealth Management LLC now owns 350 shares of the insurance provider’s stock worth $67,000 after buying an additional 297 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Reinsurance Group of America in the third quarter worth about $225,000. Finally, R Squared Ltd boosted its position in Reinsurance Group of America by 181.0% during the 3rd quarter. R Squared Ltd now owns 3,035 shares of the insurance provider’s stock valued at $583,000 after acquiring an additional 1,955 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $215.72 on Friday. The company has a market cap of $14.14 billion, a P/E ratio of 12.15 and a beta of 0.53. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $229.21. The company has a quick ratio of 0.13, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $207.39 and a two-hundred day moving average of $197.02.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, beating the consensus estimate of $5.86 by $1.89. The firm had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The firm’s revenue was up 26.6% compared to the same quarter last year. During the same period last year, the firm earned $4.99 EPS. As a group, analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

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

Wall Street Analysts Forecast Growth

RGA has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Barclays set a $245.00 price objective on shares of Reinsurance Group of America and gave the stock an “overweight” rating in a report on Friday, February 6th. Morgan Stanley set a $208.00 target price on shares of Reinsurance Group of America in a report on Monday, December 15th. TD Cowen reiterated a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average target price of $245.88.

Reinsurance Group of America 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.