OMERS ADMINISTRATION Corp Has $983,000 Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

OMERS ADMINISTRATION Corp raised its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 283.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,600 shares of the insurance provider's stock after purchasing an additional 3,400 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Reinsurance Group of America were worth $983,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RGA. Barclays PLC increased its holdings in shares of Reinsurance Group of America by 5.5% during the 3rd quarter. Barclays PLC now owns 102,790 shares of the insurance provider's stock worth $22,396,000 after purchasing an additional 5,398 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Reinsurance Group of America during the 4th quarter worth about $8,869,000. Avanza Fonder AB bought a new position in shares of Reinsurance Group of America during the 4th quarter worth about $1,011,000. Integrated Investment Consultants LLC increased its holdings in shares of Reinsurance Group of America by 2.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider's stock worth $715,000 after purchasing an additional 77 shares during the period. Finally, HB Wealth Management LLC increased its holdings in shares of Reinsurance Group of America by 54.6% during the 4th quarter. HB Wealth Management LLC now owns 3,274 shares of the insurance provider's stock worth $700,000 after purchasing an additional 1,156 shares during the period. Institutional investors own 95.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RGA shares. Evercore ISI dropped 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 report on Thursday, March 13th. Raymond James reissued a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their target price for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Royal Bank of Canada reissued an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, Piper Sandler lowered their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Reinsurance Group of America has a consensus rating of "Moderate Buy" and a consensus target price of $228.85.

Reinsurance Group of America Price Performance

NYSE:RGA traded down $3.00 on Friday, reaching $199.89. The stock had a trading volume of 373,744 shares, compared to its average volume of 409,407. The company has a market capitalization of $13.21 billion, a P/E ratio of 18.61 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 company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $192.23 and a 200-day moving average price of $206.54.

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

Reinsurance Group of America Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.78%. Reinsurance Group of America's payout ratio is 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.