Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 171,402 shares of the insurance provider's stock after acquiring an additional 12,217 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.26% of Reinsurance Group of America worth $33,984,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Reinsurance Group of America by 27.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,355 shares of the insurance provider's stock valued at $1,358,000 after purchasing an additional 1,383 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America during the 4th quarter valued at approximately $44,000. Proficio Capital Partners LLC purchased a new position in shares of Reinsurance Group of America in the fourth quarter worth $8,671,000. Farther Finance Advisors LLC lifted its stake in shares of Reinsurance Group of America by 51.7% during the first quarter. Farther Finance Advisors LLC now owns 1,311 shares of the insurance provider's stock worth $260,000 after buying an additional 447 shares during the period. Finally, Consolidated Planning Corp grew its holdings in shares of Reinsurance Group of America by 67.6% during the first quarter. Consolidated Planning Corp now owns 6,475 shares of the insurance provider's stock valued at $1,275,000 after buying an additional 2,612 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

NYSE:RGA opened at $198.54 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.50. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The stock's 50-day moving average price is $199.27 and its 200-day moving average price is $201.73. The stock has a market capitalization of $13.12 billion, a PE ratio of 16.75 and a beta of 0.63.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a return on equity of 13.69% and a net margin of 3.77%. Reinsurance Group of America's quarterly revenue was down 17.0% compared to the same quarter last year. During the same period last year, the company earned $6.02 earnings per share. As a group, equities analysts expect 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 issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's payout ratio is presently 30.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RGA. Evercore ISI lowered their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Morgan Stanley set a $209.00 price target on shares of Reinsurance Group of America and gave the stock an "equal weight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Finally, UBS Group reissued a "neutral" rating and set a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and an average target price of $228.85.

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.

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