Parkside Financial Bank & Trust Buys 161 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Parkside Financial Bank & Trust boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,488 shares of the insurance provider’s stock after purchasing an additional 161 shares during the period. Parkside Financial Bank & Trust’s holdings in Reinsurance Group of America were worth $318,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Eagle Asset Management Inc. boosted its position in Reinsurance Group of America by 15.7% during the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock valued at $25,297,000 after buying an additional 15,289 shares during the period. Principal Financial Group Inc. boosted its position in Reinsurance Group of America by 19.2% during the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock valued at $38,895,000 after buying an additional 29,352 shares during the period. Martin Capital Partners LLC purchased a new stake in Reinsurance Group of America during the fourth quarter valued at about $1,788,000. Nordea Investment Management AB boosted 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 buying an additional 4,119 shares during the period. Finally, Pacer Advisors Inc. boosted its position in 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 valued at $3,077,000 after buying an additional 2,768 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RGA has been the subject of several analyst reports. Piper Sandler cut their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Barclays lowered their price objective 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 upped 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 research note on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of 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. Finally, Morgan Stanley lowered their price objective 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 note on Friday, February 14th. 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 stock. Based on data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.62.

Reinsurance Group of America Price Performance

RGA stock opened at $202.78 on Friday. Reinsurance Group of America, Incorporated has a 1 year low of $174.45 and a 1 year high of $233.81. The company has a market cap of $13.39 billion, a P/E ratio of 18.88 and a beta of 0.93. The firm has a 50-day moving average of $214.26 and a 200 day moving average of $216.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last released its quarterly 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, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend 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.