Gotham Asset Management LLC Purchases 8,113 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Gotham Asset Management LLC boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 190.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,381 shares of the insurance provider's stock after purchasing an additional 8,113 shares during the quarter. Gotham Asset Management LLC's holdings in Reinsurance Group of America were worth $2,645,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Graham Capital Management L.P. grew its position in Reinsurance Group of America by 9.8% during the fourth quarter. Graham Capital Management L.P. now owns 41,225 shares of the insurance provider's stock worth $8,807,000 after buying an additional 3,693 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Reinsurance Group of America by 17.7% in the 4th quarter. Focus Partners Wealth now owns 1,210 shares of the insurance provider's stock worth $267,000 after purchasing an additional 182 shares in the last quarter. Ethic Inc. increased its holdings in shares of Reinsurance Group of America by 14.0% in the 4th quarter. Ethic Inc. now owns 6,568 shares of the insurance provider's stock worth $1,403,000 after purchasing an additional 809 shares in the last quarter. FJ Capital Management LLC raised its stake in Reinsurance Group of America by 85.7% during the 4th quarter. FJ Capital Management LLC now owns 18,278 shares of the insurance provider's stock valued at $3,905,000 after buying an additional 8,435 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Reinsurance Group of America by 106.2% in the 4th quarter. Deutsche Bank AG now owns 77,424 shares of the insurance provider's stock worth $16,540,000 after purchasing an additional 39,876 shares during the period. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Trading Down 0.3%

RGA traded down $0.71 during mid-day trading on Wednesday, hitting $207.53. The stock had a trading volume of 42,467 shares, compared to its average volume of 407,217. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 19.33 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The stock's fifty day simple moving average is $191.61 and its 200-day simple moving average is $206.71. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its 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. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The business had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter in the prior year, the company posted $6.02 earnings per share. The firm's revenue was down 17.0% on a year-over-year basis. As a group, research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a $0.89 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.72%. Reinsurance Group of America's payout ratio is 30.04%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RGA. Evercore ISI cut their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. 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. Morgan Stanley upped their target price on shares of Reinsurance Group of America from $195.00 to $209.00 and gave the stock an "equal weight" rating in a report on Monday. UBS Group restated a "neutral" rating and issued a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $228.85.

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.