Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Commerce Bank

Commerce Bank grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,066 shares of the insurance provider’s stock after acquiring an additional 333 shares during the period. Commerce Bank’s holdings in Reinsurance Group of America were worth $869,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Spire Wealth Management boosted 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 worth $43,000 after purchasing an additional 57 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Reinsurance Group of America during the 4th quarter valued at approximately $44,000. Versant Capital Management Inc grew its stake in Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 80 shares during the period. Private Trust Co. NA increased its holdings in Reinsurance Group of America by 99.4% in the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock worth $66,000 after acquiring an additional 155 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Reinsurance Group of America during the fourth quarter worth $70,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Trading Up 2.9 %

RGA opened at $186.48 on Wednesday. The stock has a market capitalization of $12.32 billion, a PE ratio of 17.36 and a beta of 0.70. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The business’s 50 day moving average price is $190.19 and its 200 day moving average price is $208.89.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. As a group, equities research analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given 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 of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

Analysts Set New Price Targets

A number of analysts have recently commented on RGA shares. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Wells Fargo & Company reduced their target price on Reinsurance Group of America from $264.00 to $246.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. UBS Group reaffirmed a “neutral” rating and issued a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Barclays reduced 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 note on Monday, January 6th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Reinsurance Group of America from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Three 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $230.15.

Reinsurance Group of America 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.