Jefferies Financial Group Inc. Boosts Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Jefferies Financial Group Inc. increased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 54.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,250 shares of the insurance provider's stock after purchasing an additional 1,845 shares during the period. Jefferies Financial Group Inc.'s holdings in Reinsurance Group of America were worth $1,122,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RGA. Barclays PLC boosted its holdings in Reinsurance Group of America by 5.5% in the third quarter. Barclays PLC now owns 102,790 shares of the insurance provider's stock valued at $22,396,000 after purchasing an additional 5,398 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Reinsurance Group of America by 9.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,419 shares of the insurance provider's stock valued at $1,181,000 after acquiring an additional 447 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Reinsurance Group of America during the 4th quarter worth approximately $8,869,000. Park Avenue Securities LLC increased its holdings in shares of Reinsurance Group of America by 21.2% during the 4th quarter. Park Avenue Securities LLC now owns 15,744 shares of the insurance provider's stock worth $3,363,000 after buying an additional 2,759 shares during the last quarter. Finally, Occidental Asset Management LLC boosted its position in shares of Reinsurance Group of America by 9.6% during the 4th quarter. Occidental Asset Management LLC now owns 6,531 shares of the insurance provider's stock worth $1,395,000 after purchasing an additional 571 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on RGA. UBS Group reissued a "neutral" rating and issued a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price target on shares of 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. Finally, Piper Sandler reduced their price target on shares of 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. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $230.69.

Reinsurance Group of America Price Performance

RGA traded up $4.32 on Friday, hitting $209.26. 690,128 shares of the company were exchanged, compared to its average volume of 407,905. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The business's fifty day moving average is $190.73 and its 200 day moving average is $206.77. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The firm has a market capitalization of $13.83 billion, a P/E ratio of 19.48 and a beta of 0.57.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results 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 business had revenue of $5.26 billion for 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 company's quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the business earned $6.02 earnings per share. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a dividend of $0.89 per share. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a yield of 1.70%. Reinsurance Group of America's dividend payout ratio (DPR) is currently 30.04%.

About Reinsurance Group of America

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.