8,739 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,739 shares of the insurance provider's stock, valued at approximately $1,867,000.

A number of other hedge funds have also added to or reduced their stakes in RGA. Colonial Trust Co SC boosted its holdings in shares of Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 57 shares during the period. Spire Wealth Management raised its position in Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 57 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Reinsurance Group of America in the 4th quarter worth $44,000. Private Trust Co. NA lifted its holdings in shares of Reinsurance Group of America by 99.4% in the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock worth $66,000 after buying an additional 155 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of Reinsurance Group of America during the 4th quarter worth $70,000. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Down 0.1%

NYSE:RGA traded down $0.24 during midday trading on Thursday, reaching $203.51. 58,790 shares of the stock traded hands, compared to its average volume of 407,618. The stock has a market capitalization of $13.45 billion, a PE ratio of 18.93 and a beta of 0.57. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The business has a 50-day moving average of $191.85 and a two-hundred day moving average of $206.69.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. The business had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The business's quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $6.02 earnings per share. On average, equities analysts forecast 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RGA. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Royal Bank of Canada restated an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Piper Sandler cut their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Morgan Stanley upped their target price on Reinsurance Group of America from $195.00 to $209.00 and gave the stock an "equal weight" rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $228.85.

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.