Deutsche Bank AG Purchases 39,876 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Deutsche Bank AG boosted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 106.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,424 shares of the insurance provider’s stock after buying an additional 39,876 shares during the quarter. Deutsche Bank AG’s holdings in Reinsurance Group of America were worth $16,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Colonial Trust Co SC raised its holdings in Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock valued at $29,000 after buying an additional 57 shares during the last quarter. Spire Wealth Management raised its holdings in Reinsurance Group of America by 39.0% during 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 last quarter. SBI Securities Co. Ltd. bought a new stake in Reinsurance Group of America during the 4th quarter valued at $44,000. Private Trust Co. NA raised 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 valued at $66,000 after buying an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in Reinsurance Group of America in the 4th quarter worth $70,000. 95.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Piper Sandler decreased their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Evercore ISI decreased their price objective 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. Finally, Morgan Stanley decreased 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 report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $230.69.

Reinsurance Group of America Stock Down 0.0%

NYSE:RGA opened at $204.81 on Friday. The firm’s 50-day moving average price is $190.29 and its 200-day moving average price is $206.84. The company has a market capitalization of $13.54 billion, a PE ratio of 19.07 and a beta of 0.57. 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, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the prior year, the firm posted $6.02 EPS. Reinsurance Group of America’s revenue for the quarter was down 17.0% on a year-over-year basis. On average, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is 30.04%.

About Reinsurance Group of America

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.