Skandinaviska Enskilda Banken AB publ Purchases 194 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Skandinaviska Enskilda Banken AB publ lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 45.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 618 shares of the insurance provider’s stock after acquiring an additional 194 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Reinsurance Group of America were worth $131,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RGA. Private Trust Co. NA grew its position in Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after buying an additional 120 shares during the period. Strengthening Families & Communities LLC bought a new position in Reinsurance Group of America during the third quarter valued at about $36,000. Spire Wealth Management grew its position in Reinsurance Group of America by 39.0% during the fourth 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. bought a new position in Reinsurance Group of America during the fourth quarter valued at about $44,000. Finally, Versant Capital Management Inc grew its position in Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after buying an additional 80 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 1.3 %

RGA stock opened at $190.62 on Wednesday. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $208.75 and its 200 day moving average is $214.57. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 17.75 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate 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%. Sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Analyst Ratings Changes

Several equities analysts recently weighed in on RGA shares. Wells Fargo & Company increased their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. 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 report on Tuesday, January 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Evercore ISI dropped their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Finally, Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Three 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $231.85.

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.