Barclays PLC Raises Holdings in Reinsurance Group of America, Incorporated $RGA

Barclays PLC lifted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 148.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,664 shares of the insurance provider’s stock after buying an additional 89,484 shares during the quarter. Barclays PLC owned 0.23% of Reinsurance Group of America worth $28,755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC boosted its position in shares of Reinsurance Group of America by 82.4% during the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Reinsurance Group of America in the third quarter valued at about $33,000. LRI Investments LLC lifted its stake in shares of Reinsurance Group of America by 41.2% in the third quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 77 shares during the period. Employees Retirement System of Texas purchased a new stake in Reinsurance Group of America during the second quarter worth about $57,000. Finally, Avalon Trust Co acquired a new position in Reinsurance Group of America during the third quarter worth about $58,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Piper Sandler reissued an “overweight” rating and issued a $263.00 target price on shares of Reinsurance Group of America in a report on Friday, February 6th. Wells Fargo & Company raised their price target on Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Barclays set a $245.00 price target on Reinsurance Group of America and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Morgan Stanley increased their price objective on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Seven equities 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $247.75.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $205.75 on Thursday. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $229.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a 50 day moving average price of $208.00 and a 200 day moving average price of $198.18. The company has a market cap of $13.49 billion, a price-to-earnings ratio of 11.59 and a beta of 0.50.

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

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 20.96%.

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.