Reinsurance Group of America, Incorporated $RGA Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Reinsurance Group of America by 4.7% in Q3 and now owns 1,098,564 shares (about 1.67%) valued at roughly $211.1 million.
• RGA posted a quarterly earnings beat with EPS $7.75 vs. $5.86 consensus and revenue up 26.6% year‑over‑year, and analysts rate the stock an average of "Moderate Buy" with a $247.75 average price target.
• The company paid a quarterly dividend of $0.93 (annualized $3.72) for a yield of about 1.8%, and institutional investors own roughly 95.11% of the shares.

Dimensional Fund Advisors LP boosted its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,098,564 shares of the insurance provider's stock after purchasing an additional 49,323 shares during the quarter. Dimensional Fund Advisors LP owned about 1.67% of Reinsurance Group of America worth $211,054,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Richard W. Paul & Associates LLC raised its stake in shares of Reinsurance Group of America by 3.7% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider's stock valued at $302,000 after acquiring an additional 54 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Reinsurance Group of America by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider's stock worth $76,000 after purchasing an additional 58 shares during the period. Bessemer Group Inc. grew its holdings in Reinsurance Group of America by 1.0% during the third quarter. Bessemer Group Inc. now owns 5,776 shares of the insurance provider's stock valued at $1,110,000 after purchasing an additional 58 shares during the last quarter. Xponance Inc. grew its holdings in Reinsurance Group of America by 0.8% during the third quarter. Xponance Inc. now owns 7,637 shares of the insurance provider's stock valued at $1,467,000 after purchasing an additional 58 shares during the last quarter. Finally, Millstone Evans Group LLC raised its position in shares of Reinsurance Group of America by 82.4% in the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 61 shares during the period. Institutional investors own 95.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RGA shares. Barclays set a $245.00 price objective on shares of Reinsurance Group of America and gave the stock an "overweight" rating in a research note on Friday, February 6th. Piper Sandler reiterated an "overweight" rating and issued a $263.00 target price on shares of Reinsurance Group of America in a research note on Friday, February 6th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Morgan Stanley boosted their target price on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Saturday, February 7th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Reinsurance Group of America currently has an average rating of "Moderate Buy" and an average price target of $247.75.

Reinsurance Group of America Stock Down 0.3%

Shares of RGA stock opened at $207.59 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $229.21. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The firm has a market cap of $13.61 billion, a PE ratio of 11.70 and a beta of 0.50. The stock has a 50 day moving average of $207.88 and a 200-day moving average of $197.88.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter last year, the company posted $4.99 earnings per share. Reinsurance Group of America's quarterly revenue was up 26.6% on a year-over-year basis. On average, equities analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, February 17th. Reinsurance Group of America's dividend payout ratio (DPR) is currently 20.96%.

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.

Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.