Douglas Lane & Associates LLC Has $105.71 Million Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Douglas Lane & Associates LLC grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 550,190 shares of the insurance provider’s stock after acquiring an additional 8,814 shares during the period. Reinsurance Group of America accounts for 1.5% of Douglas Lane & Associates LLC’s holdings, making the stock its 14th biggest position. Douglas Lane & Associates LLC’s holdings in Reinsurance Group of America were worth $105,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Northern Trust Corp grew its stake in Reinsurance Group of America by 2.6% in the first quarter. Northern Trust Corp now owns 716,782 shares of the insurance provider’s stock valued at $141,134,000 after purchasing an additional 18,182 shares in the last quarter. Capital Fund Management S.A. lifted its holdings in shares of Reinsurance Group of America by 66.4% during the 1st quarter. Capital Fund Management S.A. now owns 23,441 shares of the insurance provider’s stock valued at $4,616,000 after buying an additional 9,354 shares during the last quarter. AlphaQuest LLC grew its stake in shares of Reinsurance Group of America by 903.8% in the 1st quarter. AlphaQuest LLC now owns 3,925 shares of the insurance provider’s stock valued at $773,000 after buying an additional 3,534 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Reinsurance Group of America by 168.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 709 shares of the insurance provider’s stock worth $140,000 after buying an additional 445 shares during the last quarter. Finally, Bahl & Gaynor Inc. bought a new position in Reinsurance Group of America during the first quarter valued at approximately $55,375,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Up 0.7%

Shares of NYSE:RGA opened at $205.18 on Friday. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $232.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market cap of $13.48 billion, a P/E ratio of 15.78 and a beta of 0.55. The stock’s 50-day moving average is $191.29 and its 200-day moving average is $192.60.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.57. The firm had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.02 billion. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.13 EPS. Equities research analysts predict 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 was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were paid a $0.93 dividend. The ex-dividend date was Monday, November 10th. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 28.62%.

Wall Street Analyst Weigh In

Several analysts have commented on RGA shares. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Barclays reiterated an “overweight” rating and issued a $246.00 price objective on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Piper Sandler restated an “overweight” rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $208.00 price objective on Reinsurance Group of America in a report on Monday, December 15th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.33.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.