1,166 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. bought a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,166 shares of the insurance provider’s stock, valued at approximately $249,000.

Several other institutional investors have also recently added to or reduced their stakes in RGA. Janney Montgomery Scott LLC lifted its stake in Reinsurance Group of America by 0.9% during the third quarter. Janney Montgomery Scott LLC now owns 11,631 shares of the insurance provider’s stock worth $2,534,000 after purchasing an additional 104 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Reinsurance Group of America by 4.9% during the third quarter. QRG Capital Management Inc. now owns 3,913 shares of the insurance provider’s stock worth $853,000 after purchasing an additional 184 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Reinsurance Group of America during the third quarter worth approximately $37,000. CWA Asset Management Group LLC purchased a new stake in Reinsurance Group of America during the third quarter worth approximately $380,000. Finally, Crossmark Global Holdings Inc. lifted its stake in Reinsurance Group of America by 30.3% during the third quarter. Crossmark Global Holdings Inc. now owns 5,233 shares of the insurance provider’s stock worth $1,140,000 after purchasing an additional 1,216 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RGA. Piper Sandler reduced their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. 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 research note on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Barclays reduced their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $229.62.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $190.80 on Monday. Reinsurance Group of America, Incorporated has a 12 month low of $178.84 and a 12 month high of $233.81. 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 business has a 50 day simple moving average of $212.57 and a 200-day simple moving average of $215.82. The stock has a market capitalization of $12.60 billion, a PE ratio of 17.77 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is presently 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.