Federated Hermes Inc. Has $96.06 Million Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Federated Hermes Inc. increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 449,638 shares of the insurance provider’s stock after acquiring an additional 18,412 shares during the period. Federated Hermes Inc.’s holdings in Reinsurance Group of America were worth $96,056,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Alliancebernstein L.P. increased its position in Reinsurance Group of America by 389.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock valued at $239,911,000 after acquiring an additional 893,537 shares in the last quarter. Norges Bank acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at approximately $174,082,000. Raymond James Financial Inc. bought a new position in Reinsurance Group of America in the 4th quarter worth approximately $48,724,000. JPMorgan Chase & Co. lifted its holdings in Reinsurance Group of America by 47.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after buying an additional 117,829 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Reinsurance Group of America by 234.7% in the 4th quarter. LPL Financial LLC now owns 108,229 shares of the insurance provider’s stock valued at $23,121,000 after buying an additional 75,891 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RGA shares. Evercore ISI cut their price target 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. Morgan Stanley lowered their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Wells Fargo & Company increased their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, UBS Group restated a “neutral” rating and set a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.38.

Reinsurance Group of America Stock Down 7.9 %

Reinsurance Group of America stock opened at $172.27 on Monday. Reinsurance Group of America, Incorporated has a twelve month low of $150.00 and a twelve month high of $233.81. 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 company has a 50 day moving average of $201.62 and a 200-day moving average of $212.66. The stock has a market capitalization of $11.37 billion, a PE ratio of 16.04 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA) last released its 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 return on equity of 14.55% and a net margin of 3.24%. On average, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is presently 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.