Price T Rowe Associates Inc. MD Boosts Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Price T Rowe Associates Inc. MD increased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 10.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 65,043 shares of the insurance provider's stock after buying an additional 6,339 shares during the period. Price T Rowe Associates Inc. MD owned 0.10% of Reinsurance Group of America worth $13,896,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in RGA. Spire Wealth Management grew its stake 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 buying an additional 57 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Reinsurance Group of America in the 4th quarter worth $44,000. Versant Capital Management Inc grew its stake in Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 80 shares during the period. Private Trust Co. NA increased its stake in shares of Reinsurance Group of America by 99.4% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock worth $66,000 after purchasing an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in shares of Reinsurance Group of America during the 4th quarter worth $70,000. 95.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on RGA. Keefe, Bruyette & Woods lifted their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday. Piper Sandler reduced their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Morgan Stanley reduced their price target on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, UBS Group reaffirmed a "neutral" rating and issued a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $230.69.

Reinsurance Group of America Stock Performance

Shares of RGA traded up $1.85 during trading hours on Thursday, hitting $201.13. The stock had a trading volume of 46,890 shares, compared to its average volume of 404,018. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 18.73 and a beta of 0.57. 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 firm has a 50-day moving average price of $188.81 and a 200 day moving average price of $207.16. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81.

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 EPS for the quarter, topping the consensus estimate 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 firm's revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.02 EPS. As a group, research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company 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. This represents a $3.56 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Tuesday, May 13th. Reinsurance Group of America's payout ratio is 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.