Reinsurance Group of America, Incorporated $RGA Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.8% during the fourth quarter, Holdings Channel reports. The fund owned 570,631 shares of the insurance provider’s stock after purchasing an additional 20,722 shares during the quarter. Nordea Investment Management AB’s holdings in Reinsurance Group of America were worth $116,597,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. WCM Investment Management LLC boosted its holdings in Reinsurance Group of America by 3.6% in the third quarter. WCM Investment Management LLC now owns 2,734,458 shares of the insurance provider’s stock valued at $519,356,000 after purchasing an additional 94,479 shares during the last quarter. American Century Companies Inc. increased its holdings in Reinsurance Group of America by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 2,369,057 shares of the insurance provider’s stock worth $455,167,000 after purchasing an additional 324,239 shares during the last quarter. State Street Corp raised its position in shares of Reinsurance Group of America by 2.8% in the 3rd quarter. State Street Corp now owns 2,346,447 shares of the insurance provider’s stock valued at $450,823,000 after purchasing an additional 64,296 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Reinsurance Group of America by 4.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,098,564 shares of the insurance provider’s stock valued at $211,054,000 after purchasing an additional 49,323 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Reinsurance Group of America during the 2nd quarter valued at approximately $167,955,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $197.93 on Monday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $207.95 and its two-hundred day moving average price is $198.62. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $229.21. The stock has a market capitalization of $12.98 billion, a P/E ratio of 11.15 and a beta of 0.50.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, beating the consensus estimate of $5.86 by $1.89. The company had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The business’s revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the company earned $4.99 earnings per share. As a group, sell-side analysts forecast 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, March 3rd. Investors of record on Tuesday, February 17th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio is presently 20.96%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Piper Sandler reissued an “overweight” rating and issued a $263.00 target price on shares of Reinsurance Group of America in a research report on Friday, February 6th. Finally, Barclays set a $245.00 target price on shares of Reinsurance Group of America and gave the company an “overweight” rating in a research note on Friday, February 6th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Reinsurance Group of America has an average rating of “Moderate Buy” and a consensus target price of $244.57.

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.