American Century Companies Inc. Has $455.17 Million Position in Reinsurance Group of America, Incorporated $RGA

American Century Companies Inc. grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 15.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,369,057 shares of the insurance provider’s stock after acquiring an additional 324,239 shares during the quarter. American Century Companies Inc.’s holdings in Reinsurance Group of America were worth $455,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Argent Trust Co grew its stake in Reinsurance Group of America by 16.0% during the third quarter. Argent Trust Co now owns 2,098 shares of the insurance provider’s stock worth $403,000 after buying an additional 289 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Reinsurance Group of America by 303.7% during the third quarter. Quantbot Technologies LP now owns 38,805 shares of the insurance provider’s stock worth $7,456,000 after acquiring an additional 29,192 shares during the last quarter. Accredited Wealth Management LLC boosted its stake in shares of Reinsurance Group of America by 560.4% in the 3rd quarter. Accredited Wealth Management LLC now owns 350 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 297 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Reinsurance Group of America during the 3rd quarter worth $225,000. Finally, R Squared Ltd increased its holdings in Reinsurance Group of America by 181.0% in the third quarter. R Squared Ltd now owns 3,035 shares of the insurance provider’s stock valued at $583,000 after purchasing an additional 1,955 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $215.72 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $229.21. The company has a market cap of $14.14 billion, a P/E ratio of 12.15 and a beta of 0.53. The business’s 50 day moving average is $207.39 and its two-hundred day moving average is $197.02. The company has a quick ratio of 0.13, a current ratio of 0.14 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The firm had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter in the previous year, the firm posted $4.99 EPS. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 20.96%.

Analysts Set New Price Targets

RGA has been the subject of a number of recent research reports. Piper Sandler restated an “overweight” rating and issued a $263.00 price objective on shares of Reinsurance Group of America in a report on Friday, February 6th. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Morgan Stanley set a $208.00 price objective on Reinsurance Group of America in a research note on Monday, December 15th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.88.

Reinsurance Group of America 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.