Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 283.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,600 shares of the insurance provider's stock after buying an additional 3,400 shares during the period. OMERS ADMINISTRATION Corp's holdings in Reinsurance Group of America were worth $983,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

RGA has been the topic of a number of recent analyst reports. UBS Group reaffirmed a "neutral" rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Morgan Stanley boosted their price objective on shares of Reinsurance Group of America from $195.00 to $209.00 and gave the stock an "equal weight" rating in a report on Monday. Wells Fargo & Company increased their target price on shares of 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 target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.85.

Reinsurance Group of America Trading Down 0.7%

Shares of NYSE:RGA traded down $1.38 during trading on Tuesday, reaching $208.33. 500,174 shares of the stock were exchanged, compared to its average volume of 408,659. The firm's 50-day moving average price is $191.16 and its 200 day moving average price is $206.70. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 19.40 and a beta of 0.57. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

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 (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $5.74 billion. During the same period in the previous year, the firm earned $6.02 earnings per share. Reinsurance Group of America's revenue for the quarter was down 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 annualized dividend and a dividend yield of 1.71%. Reinsurance Group of America's payout ratio 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.