NBC Securities Inc. Has $626,000 Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

NBC Securities Inc. grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 158,900.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,180 shares of the insurance provider's stock after acquiring an additional 3,178 shares during the period. NBC Securities Inc.'s holdings in Reinsurance Group of America were worth $626,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake 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 during the last quarter. Martin Capital Partners LLC acquired a new stake in shares of Reinsurance Group of America in the fourth quarter worth $1,788,000. Versor Investments LP lifted its stake in shares of Reinsurance Group of America by 79.1% in the fourth quarter. Versor Investments LP now owns 11,256 shares of the insurance provider's stock worth $2,405,000 after buying an additional 4,972 shares during the last quarter. Triasima Portfolio Management inc. acquired a new stake in shares of Reinsurance Group of America in the fourth quarter worth $489,000. Finally, Impact Investors Inc acquired a new stake in shares of Reinsurance Group of America in the fourth quarter worth $1,392,000. 95.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RGA. Morgan Stanley set a $209.00 price objective on shares of Reinsurance Group of America and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Evercore ISI reduced 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. Royal Bank of Canada reissued an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Raymond James reissued a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Finally, Piper Sandler reduced 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. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.85.

Reinsurance Group of America Price Performance

Shares of RGA stock traded up $5.00 during mid-day trading on Friday, reaching $206.32. The company's stock had a trading volume of 257,722 shares, compared to its average volume of 412,941. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The company has a market cap of $13.64 billion, a P/E ratio of 19.21 and a beta of 0.63. 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's 50-day moving average is $193.41 and its two-hundred day moving average is $204.47.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter in the prior year, the company posted $6.02 EPS. The business's revenue was down 17.0% on a year-over-year basis. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is currently 30.04%.

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.