Deutsche Bank AG Has $16.54 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Deutsche Bank AG grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 106.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,424 shares of the insurance provider's stock after buying an additional 39,876 shares during the quarter. Deutsche Bank AG owned approximately 0.12% of Reinsurance Group of America worth $16,540,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RGA. Vanguard Group Inc. raised its position in shares of Reinsurance Group of America by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock valued at $1,541,121,000 after acquiring an additional 51,733 shares during the last quarter. FMR LLC grew its position in shares of Reinsurance Group of America by 11.1% during the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after buying an additional 564,693 shares during the period. WCM Investment Management LLC increased its stake in shares of Reinsurance Group of America by 1.4% in the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock valued at $526,911,000 after acquiring an additional 33,082 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Reinsurance Group of America by 389.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock valued at $239,911,000 after acquiring an additional 893,537 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Reinsurance Group of America by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock worth $238,031,000 after acquiring an additional 4,106 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Price Performance

Shares of RGA stock traded up $0.47 during trading on Monday, hitting $209.59. The company had a trading volume of 421,352 shares, compared to its average volume of 407,959. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The stock's 50-day moving average price is $190.73 and its 200 day moving average price is $206.74. 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 firm has a market capitalization of $13.85 billion, a P/E ratio of 19.51 and a beta of 0.57.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. The company's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $6.02 earnings per share. Equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a $0.89 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.70%. Reinsurance Group of America's payout ratio is 30.04%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Morgan Stanley lifted 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. Evercore ISI lowered their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Piper Sandler cut their price objective on 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, Royal Bank of Canada reissued an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Reinsurance Group of America currently has an average rating of "Moderate Buy" and an average price target of $228.85.

Reinsurance Group of America Company 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.