Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Commerce Bank

Commerce Bank lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,066 shares of the insurance provider’s stock after purchasing an additional 333 shares during the quarter. Commerce Bank’s holdings in Reinsurance Group of America were worth $869,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management boosted its position in Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after buying an additional 57 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at $44,000. Versant Capital Management Inc boosted its holdings in Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 80 shares during the period. Private Trust Co. NA increased its holdings in Reinsurance Group of America by 99.4% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock worth $66,000 after purchasing an additional 155 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in Reinsurance Group of America in the 4th quarter valued at about $70,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock opened at $186.48 on Wednesday. The firm’s fifty day simple moving average is $190.19 and its 200-day simple moving average is $208.89. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 17.36 and a beta of 0.70. 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 posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.91%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 33.15%.

Analyst Ratings Changes

RGA has been the topic of a number of recent research reports. Evercore ISI cut 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 research note on Thursday, March 13th. Wells Fargo & Company reduced their price objective on shares of Reinsurance Group of America from $264.00 to $246.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price target on Reinsurance Group of America from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, Piper Sandler lowered 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 report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.15.

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.