Barclays PLC Has $9.22 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Barclays PLC raised its holdings in Reinsurance Group of America, Incorporated (NYSE:RGAFree Report) by 11.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,525 shares of the insurance provider’s stock after purchasing an additional 6,707 shares during the quarter. Barclays PLC owned 0.10% of Reinsurance Group of America worth $9,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC grew its stake in shares of Reinsurance Group of America by 129,207.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 12,117,433 shares of the insurance provider’s stock worth $1,721,766,000 after acquiring an additional 12,108,062 shares during the period. State Street Corp grew its stake in shares of Reinsurance Group of America by 4.7% during the 1st quarter. State Street Corp now owns 2,411,086 shares of the insurance provider’s stock worth $263,917,000 after acquiring an additional 108,922 shares during the period. Earnest Partners LLC grew its stake in shares of Reinsurance Group of America by 0.5% during the 2nd quarter. Earnest Partners LLC now owns 2,309,031 shares of the insurance provider’s stock worth $320,240,000 after acquiring an additional 10,739 shares during the period. Bank of America Corp DE lifted its holdings in Reinsurance Group of America by 5.0% during the 1st quarter. Bank of America Corp DE now owns 1,543,731 shares of the insurance provider’s stock worth $204,946,000 after purchasing an additional 74,110 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Reinsurance Group of America by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 976,887 shares of the insurance provider’s stock worth $135,485,000 after purchasing an additional 32,398 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Insider Buying and Selling at Reinsurance Group of America

In related news, EVP Ronald Herrmann purchased 440 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was acquired at an average price of $166.78 per share, with a total value of $73,383.20. Following the completion of the acquisition, the executive vice president now owns 440 shares of the company’s stock, valued at approximately $73,383.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on RGA shares. Morgan Stanley raised their price target on Reinsurance Group of America from $164.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, November 15th. Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $186.00 to $193.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group raised their target price on Reinsurance Group of America from $191.00 to $198.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada raised their target price on Reinsurance Group of America from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Jefferies Financial Group upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and raised their target price for the company from $171.00 to $189.00 in a research note on Monday, December 11th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.90.

Get Our Latest Analysis on Reinsurance Group of America

Reinsurance Group of America Stock Down 0.4 %

Shares of NYSE:RGA opened at $167.04 on Wednesday. The stock has a fifty day simple moving average of $165.55 and a two-hundred day simple moving average of $153.09. The stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 12.44 and a beta of 0.89. Reinsurance Group of America, Incorporated has a 12-month low of $120.99 and a 12-month high of $175.34. The company has a current ratio of 0.17, a quick ratio of 0.14 and a debt-to-equity ratio of 0.48.

Reinsurance Group of America (NYSE:RGAGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The firm had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the previous year, the business earned $2.99 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. On average, research analysts anticipate that Reinsurance Group of America, Incorporated will post 19.17 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, February 12th. Reinsurance Group of America’s dividend payout ratio is presently 25.32%.

About Reinsurance Group of America

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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