Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 351.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,994 shares of the insurance provider's stock after acquiring an additional 37,359 shares during the quarter. Hsbc Holdings PLC owned about 0.07% of Reinsurance Group of America worth $10,239,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RGA. Spire Wealth Management boosted its stake in Reinsurance Group of America by 39.0% during the 4th 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 last quarter. SBI Securities Co. Ltd. purchased a new stake in Reinsurance Group of America during the 4th quarter valued at about $44,000. Versant Capital Management Inc lifted 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 worth $62,000 after purchasing an additional 80 shares in the last quarter. Private Trust Co. NA boosted its holdings 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 acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at approximately $70,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays lowered their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods reduced their target price on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler cut 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 report on Monday, February 10th. Wells Fargo & Company reduced their price target on shares of Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, Morgan Stanley cut their target price on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. 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 stock. According to MarketBeat, Reinsurance Group of America currently has an average rating of "Moderate Buy" and an average price target of $230.15.

Reinsurance Group of America Trading Up 5.9 %

Reinsurance Group of America stock traded up $11.08 during midday trading on Friday, reaching $198.02. 620,215 shares of the stock traded hands, compared to its average volume of 407,326. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The firm has a market cap of $13.09 billion, a PE ratio of 18.44 and a beta of 0.70. The company has a 50-day simple moving average of $188.97 and a two-hundred day simple moving average of $207.49. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, beating analysts' consensus estimates of $5.33 by $0.33. The firm had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The business's quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.02 earnings per share. Research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's payout ratio is currently 33.15%.

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.