Comerica Bank Increases Position in Reinsurance Group of America, Incorporated $RGA

Comerica Bank increased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,739 shares of the insurance provider’s stock after buying an additional 3,616 shares during the quarter. Comerica Bank’s holdings in Reinsurance Group of America were worth $5,847,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in RGA. Millstone Evans Group LLC grew its holdings in shares of Reinsurance Group of America by 82.4% during the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock valued at $26,000 after buying an additional 61 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Reinsurance Group of America during the third quarter valued at $33,000. Advisory Services Network LLC purchased a new stake in shares of Reinsurance Group of America during the third quarter valued at $38,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Reinsurance Group of America by 632.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 205 shares of the insurance provider’s stock valued at $42,000 after buying an additional 177 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Reinsurance Group of America during the third quarter valued at $44,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Up 1.8%

RGA opened at $211.74 on Friday. Reinsurance Group of America, Incorporated has a twelve month low of $165.52 and a twelve month high of $229.21. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $208.13 and a 200 day moving average price of $201.56. The company has a market cap of $13.87 billion, a PE ratio of 11.93 and a beta of 0.52.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, topping the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter in the prior year, the firm earned $4.99 EPS. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. Sell-side analysts expect that Reinsurance Group of America, Incorporated will post 26.27 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio is 20.96%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. UBS Group upped their price target on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Piper Sandler reiterated an “overweight” rating and set a $263.00 price objective on shares of Reinsurance Group of America in a research note on Friday, February 6th. TD Cowen reiterated a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Finally, Barclays lifted their price objective on Reinsurance Group of America from $245.00 to $256.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $246.71.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.