Segall Bryant & Hamill LLC Has $34.50 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Segall Bryant & Hamill LLC boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 161,495 shares of the insurance provider’s stock after buying an additional 1,163 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Reinsurance Group of America were worth $34,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Reinsurance Group of America in the 4th quarter worth approximately $48,724,000. JPMorgan Chase & Co. increased its holdings in Reinsurance Group of America by 47.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock valued at $79,512,000 after buying an additional 117,829 shares during the period. LPL Financial LLC raised its stake in shares of 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 in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Reinsurance Group of America by 2,791.1% during the 4th quarter. CIBC Asset Management Inc now owns 67,884 shares of the insurance provider’s stock worth $14,502,000 after acquiring an additional 65,536 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in Reinsurance Group of America by 121.1% during the fourth quarter. Handelsbanken Fonder AB now owns 97,300 shares of the insurance provider’s stock worth $20,786,000 after purchasing an additional 53,300 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

RGA opened at $198.54 on Tuesday. The company has a fifty day moving average price of $206.73 and a two-hundred day moving average price of $213.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The firm has a market capitalization of $13.11 billion, a PE ratio of 18.49 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 52 week low of $178.84 and a 52 week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. As a group, analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.79%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley cut their target price on 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. Evercore ISI cut their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Barclays cut their target price on shares of 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. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, Piper Sandler lowered their target price 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. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.85.

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.