Allspring Global Investments Holdings LLC Has $23.96 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Allspring Global Investments Holdings LLC cut its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 22.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,126 shares of the insurance provider's stock after selling 43,000 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.22% of Reinsurance Group of America worth $23,964,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its position in shares of Reinsurance Group of America by 121.9% during the 3rd quarter. Picton Mahoney Asset Management now owns 122,552 shares of the insurance provider's stock worth $17,794,000 after buying an additional 67,318 shares during the last quarter. Raymond James & Associates lifted its position in shares of Reinsurance Group of America by 13.0% during the 4th quarter. Raymond James & Associates now owns 244,771 shares of the insurance provider's stock worth $39,599,000 after buying an additional 28,193 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Reinsurance Group of America by 93.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,655 shares of the insurance provider's stock worth $3,289,000 after buying an additional 10,968 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Reinsurance Group of America by 231.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 142,322 shares of the insurance provider's stock worth $23,025,000 after buying an additional 99,406 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in Reinsurance Group of America by 12.5% in the 3rd quarter. Amalgamated Bank now owns 48,884 shares of the insurance provider's stock worth $7,097,000 after purchasing an additional 5,434 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wells Fargo & Company upped their target price on Reinsurance Group of America from $193.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday. Evercore ISI upped their target price on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday. Piper Sandler upped their target price on Reinsurance Group of America from $195.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, April 5th. JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $170.00 to $189.00 and gave the company a "neutral" rating in a research note on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods increased their price target on Reinsurance Group of America from $200.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.23.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the completion of the transaction, the executive vice president now owns 13,363 shares in the company, valued at $2,429,927.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP William L. Hutton sold 1,588 shares of Reinsurance Group of America stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the completion of the sale, the executive vice president now owns 13,625 shares of the company's stock, valued at $2,341,183.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction of $346,950.72. Following the sale, the executive vice president now directly owns 13,363 shares of the company's stock, valued at approximately $2,429,927.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,462 shares of company stock worth $1,162,239. Corporate insiders own 1.31% of the company's stock.

Reinsurance Group of America Trading Down 0.3 %

Shares of NYSE RGA traded down $0.52 during midday trading on Friday, reaching $184.38. The company had a trading volume of 290,443 shares, compared to its average volume of 339,434. Reinsurance Group of America, Incorporated has a one year low of $133.13 and a one year high of $196.25. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. The firm's fifty day moving average price is $180.89 and its 200-day moving average price is $166.65. The stock has a market cap of $12.12 billion, a PE ratio of 13.73 and a beta of 0.89.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.40 by $0.33. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.57 billion. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The business's revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.99 EPS. On average, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 19.46 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, February 27th. Investors of record on Tuesday, February 13th were given a $0.85 dividend. The ex-dividend date was Monday, February 12th. This represents a $3.40 annualized dividend and a yield of 1.84%. Reinsurance Group of America's dividend payout ratio is currently 25.32%.

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.