Tower Research Capital LLC TRC Grows Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Tower Research Capital LLC TRC lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 205.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,339 shares of the insurance provider's stock after buying an additional 3,592 shares during the period. Tower Research Capital LLC TRC's holdings in Reinsurance Group of America were worth $1,141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RGA. Spire Wealth Management lifted its stake in Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Reinsurance Group of America in the 4th quarter worth approximately $44,000. Versant Capital Management Inc grew its holdings in shares of Reinsurance Group of America by 38.1% in 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. Private Trust Co. NA increased its position in shares of Reinsurance Group of America by 99.4% in the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after acquiring an additional 155 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in shares of Reinsurance Group of America in the 4th quarter worth about $70,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock traded down $6.91 on Wednesday, reaching $184.96. 161,709 shares of the stock were exchanged, compared to its average volume of 406,124. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The business has a 50 day moving average price of $189.29 and a two-hundred day moving average price of $208.05. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 17.22 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is currently 33.15%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Evercore ISI cut their target price on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. UBS Group reaffirmed a "neutral" rating and issued 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. Wells Fargo & Company dropped 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 note on Thursday, April 10th. Finally, Piper Sandler decreased their target price 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. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and an average price target of $230.15.

Reinsurance Group of America Company Profile

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.