Northern Trust Corp Boosts Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Northern Trust Corp boosted its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 698,600 shares of the insurance provider's stock after purchasing an additional 103,719 shares during the quarter. Northern Trust Corp owned approximately 1.06% of Reinsurance Group of America worth $149,242,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RGA. Spire Wealth Management lifted its holdings in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after purchasing an additional 57 shares during the period. Keybank National Association OH lifted its stake in Reinsurance Group of America by 2.6% during the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock valued at $500,000 after acquiring an additional 59 shares during the period. Inspire Investing LLC boosted its holdings in shares of Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock valued at $3,039,000 after acquiring an additional 72 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Reinsurance Group of America by 2.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider's stock worth $715,000 after acquiring an additional 77 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after purchasing an additional 80 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded up $2.40 during mid-day trading on Tuesday, reaching $198.59. 496,752 shares of the stock traded hands, compared to its average volume of 407,583. The stock has a market capitalization of $13.12 billion, a PE ratio of 18.49 and a beta of 0.57. The business has a 50-day moving average of $188.91 and a 200 day moving average of $207.27. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week 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.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the prior year, the company earned $6.02 EPS. The firm's revenue was down 17.0% compared to the same quarter last year. On average, analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently declared 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 of this dividend is Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a yield of 1.79%. Reinsurance Group of America's payout ratio is presently 30.04%.

Analyst Ratings Changes

A number of brokerages have issued reports on RGA. Royal Bank of Canada reissued an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research note on Tuesday. UBS Group restated a "neutral" rating and set 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. Morgan Stanley decreased their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Finally, Piper Sandler dropped their target price on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Reinsurance Group of America has a consensus rating of "Moderate Buy" and an average price target of $230.31.

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.