J. Safra Sarasin Holding AG Increases Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

J. Safra Sarasin Holding AG increased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 11.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 160,661 shares of the insurance provider’s stock after acquiring an additional 16,043 shares during the period. J. Safra Sarasin Holding AG’s holdings in Reinsurance Group of America were worth $34,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. OneDigital Investment Advisors LLC raised its position in shares of Reinsurance Group of America by 42.0% in the 4th quarter. OneDigital Investment Advisors LLC now owns 2,365 shares of the insurance provider’s stock worth $505,000 after acquiring an additional 699 shares in the last quarter. Stifel Financial Corp grew its stake in Reinsurance Group of America by 0.5% in the fourth quarter. Stifel Financial Corp now owns 368,381 shares of the insurance provider’s stock worth $78,698,000 after purchasing an additional 1,780 shares during the period. Tower Research Capital LLC TRC raised its holdings in Reinsurance Group of America by 205.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,339 shares of the insurance provider’s stock worth $1,141,000 after purchasing an additional 3,592 shares in the last quarter. MetLife Investment Management LLC lifted its position in Reinsurance Group of America by 9.1% during the fourth quarter. MetLife Investment Management LLC now owns 37,126 shares of the insurance provider’s stock valued at $7,931,000 after buying an additional 3,090 shares during the period. Finally, Ossiam lifted its position in Reinsurance Group of America by 8.5% during the 4th quarter. Ossiam now owns 7,619 shares of the insurance provider’s stock valued at $1,628,000 after acquiring an additional 597 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RGA has been the topic of several analyst reports. Morgan Stanley dropped their target price on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Piper Sandler lowered their price target on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Barclays cut their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lowered their price objective on Reinsurance Group of America from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Three investment 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 stock. According to data from MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average price target of $230.15.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $184.48 on Monday. The firm has a market capitalization of $12.19 billion, a P/E ratio of 17.18 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The business has a fifty day moving average of $190.92 and a 200 day moving average of $209.32.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.93%. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

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.