8,739 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,739 shares of the insurance provider’s stock, valued at approximately $1,867,000.

Other hedge funds have also added to or reduced their stakes in the company. Colonial Trust Co SC raised its stake in Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after buying an additional 57 shares during the period. Spire Wealth Management raised its stake in shares of Reinsurance Group of America by 39.0% in the 4th 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 period. SBI Securities Co. Ltd. acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at about $44,000. Private Trust Co. NA raised its stake in shares of Reinsurance Group of America by 99.4% in the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock valued at $66,000 after purchasing an additional 155 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in Reinsurance Group of America during the fourth quarter worth about $70,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $246.00 to $248.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. UBS Group restated a “neutral” rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Morgan Stanley reduced their price objective 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Three 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, Reinsurance Group of America has an average rating of “Moderate Buy” and a consensus price target of $230.69.

Reinsurance Group of America Stock Up 2.1%

Shares of RGA opened at $209.26 on Friday. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The company has a market cap of $13.83 billion, a P/E ratio of 19.48 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 firm has a 50 day simple moving average of $190.73 and a two-hundred day simple moving average of $206.82.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating 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 the consensus estimate of $5.74 billion. During the same period in the previous year, the business earned $6.02 earnings per share. The company’s revenue was down 17.0% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.89 per share. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.70%. Reinsurance Group of America’s dividend payout ratio is currently 30.04%.

Reinsurance Group of America 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.