Sanctuary Advisors LLC Increases Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Sanctuary Advisors LLC boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.2% in the 4th quarter, Holdings Channel reports. The fund owned 11,094 shares of the insurance provider’s stock after buying an additional 651 shares during the period. Sanctuary Advisors LLC’s holdings in Reinsurance Group of America were worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Eagle Asset Management Inc. raised 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 acquiring an additional 15,289 shares in the last quarter. Martin Capital Partners LLC purchased a new position in Reinsurance Group of America during the fourth quarter valued at approximately $1,788,000. Nordea Investment Management AB raised 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 in the last quarter. Pacer Advisors Inc. raised 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 acquiring an additional 2,768 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Reinsurance Group of America by 7.9% in the third quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock valued at $16,862,000 after buying an additional 5,699 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Barclays cut their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $244.00 to $263.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, Piper Sandler cut 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 research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average price target of $229.54.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $189.40 on Friday. The stock’s fifty day moving average is $214.91 and its two-hundred day moving average is $216.13. The firm has a market capitalization of $12.47 billion, a P/E ratio of 17.63 and a beta of 0.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a fifty-two week low of $169.08 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share 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, research 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 business also recently disclosed 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 yield of 1.88%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 33.15%.

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.