Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 106.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,424 shares of the insurance provider's stock after acquiring an additional 39,876 shares during the quarter. Deutsche Bank AG owned about 0.12% of Reinsurance Group of America worth $16,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of Reinsurance Group of America by 19.2% in the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider's stock worth $38,895,000 after buying an additional 29,352 shares in the last quarter. Martin Capital Partners LLC purchased a new stake in Reinsurance Group of America in the fourth quarter valued at approximately $1,788,000. Pacer Advisors Inc. grew its stake in Reinsurance Group of America by 23.8% in the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock worth $3,077,000 after buying an additional 2,768 shares in the last quarter. Versor Investments LP raised its position in shares of Reinsurance Group of America by 79.1% during the 4th quarter. Versor Investments LP now owns 11,256 shares of the insurance provider's stock valued at $2,405,000 after buying an additional 4,972 shares in the last quarter. Finally, Triasima Portfolio Management inc. bought a new stake in shares of Reinsurance Group of America during the 4th quarter worth $489,000. 95.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RGA. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. UBS Group reaffirmed a "neutral" rating and set a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Evercore ISI reduced their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Keefe, Bruyette & Woods lifted their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Piper Sandler lowered their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $228.85.

Reinsurance Group of America Trading Down 0.3%

Shares of NYSE:RGA traded down $0.61 during trading on Wednesday, hitting $207.63. The company had a trading volume of 42,467 shares, compared to its average volume of 486,119. The company has a fifty day simple moving average of $191.61 and a two-hundred day simple moving average of $206.71. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 19.33 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period last year, the company posted $6.02 earnings per share. The company's quarterly revenue was down 17.0% compared to the same quarter last year. As a group, equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.71%. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

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.