QRG Capital Management Inc. Has $881,000 Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

QRG Capital Management Inc. increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,124 shares of the insurance provider’s stock after buying an additional 211 shares during the quarter. QRG Capital Management Inc.’s holdings in Reinsurance Group of America were worth $881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management grew its holdings in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 57 shares in the last quarter. Baron Wealth Management LLC lifted its position in Reinsurance Group of America by 4.5% in the third quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider’s stock worth $324,000 after purchasing an additional 64 shares during the period. Mount Lucas Management LP boosted its stake in Reinsurance Group of America by 2.9% during the third quarter. Mount Lucas Management LP now owns 2,592 shares of the insurance provider’s stock worth $565,000 after buying an additional 72 shares in the last quarter. Inspire Investing LLC increased its holdings in Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock valued at $3,039,000 after buying an additional 72 shares during the period. Finally, Integrated Investment Consultants LLC raised its stake in shares of Reinsurance Group of America by 2.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider’s stock valued at $715,000 after buying an additional 77 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RGA has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Barclays decreased their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $229.62.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock opened at $198.53 on Tuesday. The stock has a 50-day simple moving average of $214.05 and a 200 day simple moving average of $216.25. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 18.49 and a beta of 0.93. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 12-month low of $175.88 and a 12-month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results 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 fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.79%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is 33.15%.

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.