Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 27.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 255,898 shares of the insurance provider's stock after buying an additional 55,086 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.39% of Reinsurance Group of America worth $54,667,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its position 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 valued at $38,895,000 after acquiring an additional 29,352 shares during the last quarter. Martin Capital Partners LLC purchased a new position in Reinsurance Group of America during the 4th quarter valued at about $1,788,000. Pacer Advisors Inc. boosted 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 valued at $3,077,000 after acquiring an additional 2,768 shares in the last quarter. Versor Investments LP boosted its position in 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 valued at $2,405,000 after acquiring an additional 4,972 shares in the last quarter. Finally, Triasima Portfolio Management inc. bought a new stake in shares of Reinsurance Group of America in the 4th quarter worth approximately $489,000. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of RGA traded down $1.54 during mid-day trading on Friday, reaching $202.49. The company had a trading volume of 61,608 shares, compared to its average volume of 408,627. The stock has a 50 day moving average of $192.94 and a two-hundred day moving average of $205.91. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The stock has a market capitalization of $13.38 billion, a P/E ratio of 18.85 and a beta of 0.57. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

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 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The firm's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted $6.02 earnings per share. On average, analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is currently 30.04%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RGA shares. Evercore ISI decreased their price target on 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. Piper Sandler dropped their price target on 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. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Raymond James restated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $228.85.

Reinsurance Group of America Company 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.