Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp boosted its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 368,381 shares of the insurance provider’s stock after buying an additional 1,780 shares during the period. Stifel Financial Corp’s holdings in Reinsurance Group of America were worth $78,698,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RGA. Principal Financial Group Inc. grew its holdings in Reinsurance Group of America by 19.2% during the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock worth $38,895,000 after acquiring an additional 29,352 shares during the period. Martin Capital Partners LLC acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at about $1,788,000. Nordea Investment Management AB boosted its holdings 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 worth $19,232,000 after buying an additional 4,119 shares in the last quarter. Pacer Advisors Inc. boosted its holdings 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 worth $3,077,000 after buying an additional 2,768 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in 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 owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on RGA. UBS Group reissued a “neutral” rating and set a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Barclays lowered their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company cut their price target on Reinsurance Group of America from $264.00 to $246.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Morgan Stanley lowered 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 research note on Friday, February 14th. Finally, Evercore ISI cut their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Reinsurance Group of America has an average rating of “Moderate Buy” and an average target price of $230.15.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $186.48 on Wednesday. The company 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 quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The company’s 50 day simple moving average is $190.19 and its 200 day simple moving average is $208.89.

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 (EPS) 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%. On average, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is currently 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.