Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in Reinsurance Group of America, Incorporated (NYSE:RGA)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,982 shares of the insurance provider's stock, valued at approximately $18,796,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Reinsurance Group of America at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RGA. Principal Financial Group Inc. boosted 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 buying an additional 29,352 shares during the period. Martin Capital Partners LLC purchased a new position in Reinsurance Group of America in the fourth quarter valued at about $1,788,000. Pacer Advisors Inc. increased its holdings in Reinsurance Group of America by 23.8% in the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock valued at $3,077,000 after buying an additional 2,768 shares in the last quarter. Versor Investments LP increased its holdings in Reinsurance Group of America by 79.1% in the fourth quarter. Versor Investments LP now owns 11,256 shares of the insurance provider's stock valued at $2,405,000 after buying an additional 4,972 shares in the last quarter. Finally, Triasima Portfolio Management inc. purchased a new position in Reinsurance Group of America in the fourth quarter valued at about $489,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RGA shares. Raymond James reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Royal Bank of Canada reissued an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Piper Sandler lowered their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $228.85.

Reinsurance Group of America Stock Performance

NYSE RGA traded up $0.49 on Monday, hitting $203.78. The stock had a trading volume of 389,529 shares, compared to its average volume of 410,116. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one 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 market cap of $13.47 billion, a price-to-earnings ratio of 18.97 and a beta of 0.57. The company's 50-day moving average is $193.02 and its two-hundred day moving average is $205.20.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 3.24% and a return on equity of 14.55%. The business'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 EPS. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

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.