Zurcher Kantonalbank Zurich Cantonalbank Has $6.06 Million Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Key Points

• Zurcher Kantonalbank reduced its stake in Reinsurance Group of America by 19.8% in Q4, selling 7,357 shares and retaining 29,765 shares valued at about $6.06 million.
• Analysts are mixed but generally positive: MarketBeat shows an average rating of "Moderate Buy" with an average price target of $246.71, ranging from UBS's $220 to Piper Sandler's $263.
• RGA reported a strong quarter—$7.75 EPS vs. $5.86 expected and revenue up 26.6% year-over-year—trades around $209, has a $13.7B market cap, and pays a $3.72 annual dividend (≈1.8% yield).

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 19.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,765 shares of the insurance provider's stock after selling 7,357 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Reinsurance Group of America were worth $6,056,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RGA. Orion Porfolio Solutions LLC lifted its stake in Reinsurance Group of America by 6,076.4% in the second quarter. Orion Porfolio Solutions LLC now owns 602,503 shares of the insurance provider's stock valued at $119,512,000 after acquiring an additional 592,748 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in Reinsurance Group of America in the second quarter valued at approximately $69,426,000. American Century Companies Inc. lifted its stake in Reinsurance Group of America by 15.9% in the third quarter. American Century Companies Inc. now owns 2,369,057 shares of the insurance provider's stock valued at $455,167,000 after acquiring an additional 324,239 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Reinsurance Group of America in the third quarter valued at approximately $35,266,000. Finally, AQR Capital Management LLC lifted its stake in Reinsurance Group of America by 29.6% in the second quarter. AQR Capital Management LLC now owns 799,675 shares of the insurance provider's stock valued at $158,352,000 after acquiring an additional 182,729 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on RGA. Wall Street Zen lowered shares of Reinsurance Group of America from a "buy" rating to a "hold" rating in a research report on Saturday, April 11th. Weiss Ratings reissued a "buy (b-)" rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. TD Cowen reissued a "hold" rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. UBS Group lifted their price target on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, April 9th. Finally, Piper Sandler reissued an "overweight" rating and issued a $263.00 price target on shares of Reinsurance Group of America in a research report on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $246.71.

Reinsurance Group of America Trading Down 0.2%

NYSE:RGA opened at $209.13 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $165.52 and a 12 month high of $229.21. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 11.78 and a beta of 0.52. 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 company's 50 day moving average is $209.09 and its 200-day moving average is $201.16.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter last year, the firm posted $4.99 earnings per share. The company's quarterly revenue was up 26.6% compared to the same quarter last year. Equities analysts anticipate that Reinsurance Group of America, Incorporated will post 26.27 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. Reinsurance Group of America's payout ratio is 20.96%.

Reinsurance Group of America Company Profile

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.

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.