2,443 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Acquired by Teza Capital Management LLC

Teza Capital Management LLC acquired a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,443 shares of the insurance provider's stock, valued at approximately $522,000.

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

Analyst Ratings Changes

RGA has been the topic of several research reports. UBS Group reaffirmed a "neutral" rating and set a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Evercore ISI lowered their price target on shares of 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. Wells Fargo & Company raised their price objective on Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Piper Sandler reduced their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.85.

Reinsurance Group of America Trading Up 0.2%

NYSE RGA opened at $209.59 on Tuesday. The firm has a market capitalization of $13.85 billion, a PE ratio of 19.51 and a beta of 0.57. The business's 50-day moving average price is $191.16 and its two-hundred day moving average price is $206.70. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The business had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same period in the prior year, the business posted $6.02 earnings per share. The firm's revenue was down 17.0% on a year-over-year basis. On average, analysts expect 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, May 27th. Stockholders 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 dividend yield of 1.70%. The ex-dividend date is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 30.04%.

About Reinsurance Group of America

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.

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