Reinsurance Group of America, Incorporated (NYSE:RGA) Holdings Lifted by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 578,602 shares of the insurance provider's stock after acquiring an additional 12,576 shares during the quarter. Reinsurance Group of America accounts for approximately 1.7% of Douglas Lane & Associates LLC's holdings, making the stock its 11th largest position. Douglas Lane & Associates LLC owned 0.88% of Reinsurance Group of America worth $113,927,000 at the end of the most recent quarter.

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

Reinsurance Group of America Price Performance

RGA stock traded up $1.86 on Thursday, hitting $201.48. 176,090 shares of the company's stock traded hands, compared to its average volume of 410,723. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 18.76 and a beta of 0.57. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The stock has a fifty day moving average of $193.16 and a 200-day moving average of $205.15.

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

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a yield of 1.77%. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Wall Street Analyst Weigh In

Several research firms have recently commented on RGA. Piper Sandler lowered their target price on 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. UBS Group restated a "neutral" rating and set a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Evercore ISI cut their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods increased their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $228.85.

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.