Russell Investments Group Ltd. Buys 39,095 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Russell Investments Group Ltd. boosted its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 272,742 shares of the insurance provider’s stock after acquiring an additional 39,095 shares during the quarter. Russell Investments Group Ltd.’s holdings in Reinsurance Group of America were worth $58,266,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RGA. Principal Financial Group Inc. increased its position in shares of Reinsurance Group of America by 19.2% during the 4th quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock valued at $38,895,000 after purchasing an additional 29,352 shares during the last quarter. Martin Capital Partners LLC purchased a new stake in Reinsurance Group of America in the fourth quarter worth approximately $1,788,000. Nordea Investment Management AB grew its position in Reinsurance Group of America by 4.8% during the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock valued at $19,232,000 after acquiring an additional 4,119 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Reinsurance Group of America by 23.8% during the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock worth $3,077,000 after acquiring an additional 2,768 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Reinsurance Group of America by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock worth $16,862,000 after acquiring an additional 5,699 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RGA shares. Evercore ISI reduced their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company raised their price objective on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Piper Sandler decreased their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Barclays dropped their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley decreased their price target on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average target price of $230.38.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $172.27 on Monday. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 16.04 and a beta of 0.70. The stock has a fifty day moving average of $201.62 and a 200 day moving average of $212.66. Reinsurance Group of America, Incorporated has a 52 week low of $150.00 and a 52 week 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.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate 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%. As a group, research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 2.07%. Reinsurance Group of America’s payout ratio is 33.15%.

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.