Nordea Investment Management AB Raises Position in Reinsurance Group of America, Incorporated $RGA

Key Points

• Nordea Investment Management AB raised its Q4 stake in Reinsurance Group of America by 3.8%, buying 20,722 shares to hold 570,631 shares (about 0.87% of the company) valued at roughly $116.6 million.
• RGA beat expectations in the quarter with EPS of $7.75 versus $5.86 expected and revenue of $6.64 billion (up 26.6% year-over-year), signaling stronger-than-anticipated results.
• Analysts have a consensus rating of Moderate Buy with a $244.57 price target; RGA pays a $0.93 quarterly dividend ($3.72 annualized, 1.9% yield) and trades at a P/E of about 11.15 with a market cap near $13 billion.

Nordea Investment Management AB lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 570,631 shares of the insurance provider's stock after purchasing an additional 20,722 shares during the quarter. Nordea Investment Management AB owned about 0.87% of Reinsurance Group of America worth $116,597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Richard W. Paul & Associates LLC increased its stake in Reinsurance Group of America by 3.7% in the second quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider's stock valued at $302,000 after purchasing an additional 54 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in Reinsurance Group of America by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 4,281 shares of the insurance provider's stock worth $819,000 after buying an additional 54 shares during the last quarter. Bessemer Group Inc. grew its holdings in Reinsurance Group of America by 1.0% in the 3rd quarter. Bessemer Group Inc. now owns 5,776 shares of the insurance provider's stock valued at $1,110,000 after buying an additional 58 shares during the period. Xponance Inc. grew its holdings in Reinsurance Group of America by 0.8% in the 3rd quarter. Xponance Inc. now owns 7,637 shares of the insurance provider's stock valued at $1,467,000 after buying an additional 58 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Reinsurance Group of America by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider's stock valued at $76,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Down 1.3%

NYSE RGA opened at $197.93 on Monday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $229.21. The business has a 50 day moving average price of $207.95 and a two-hundred day moving average price of $198.62. The stock has a market cap of $12.98 billion, a PE ratio of 11.15 and a beta of 0.50.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The company had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter last year, the firm posted $4.99 earnings per share. The business's quarterly revenue was up 26.6% on a year-over-year basis. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.72 annualized dividend and a yield of 1.9%. Reinsurance Group of America's payout ratio is 20.96%.

Analyst Upgrades and Downgrades

RGA has been the topic of a number of research analyst reports. Barclays set a $245.00 price target on shares of Reinsurance Group of America and gave the company an "overweight" rating in a report on Friday, February 6th. Morgan Stanley upped their price objective on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 3rd. Wells Fargo & Company increased their target price on Reinsurance Group of America from $238.00 to $261.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 25th. Piper Sandler reiterated an "overweight" rating and issued a $263.00 target price on shares of Reinsurance Group of America in a report on Friday, February 6th. Finally, TD Cowen reissued a "hold" rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.57.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated NYSE: RGA is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company's offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA's product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.

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