Reinsurance Group of America, Incorporated (NYSE:RGA) Holdings Raised by Federated Hermes Inc.

Federated Hermes Inc. increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 437,417 shares of the insurance provider’s stock after purchasing an additional 102 shares during the quarter. Federated Hermes Inc. owned 0.66% of Reinsurance Group of America worth $70,765,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RGA. Moneta Group Investment Advisors LLC grew its holdings in Reinsurance Group of America by 129,207.8% in 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 buying an additional 12,108,062 shares in the last quarter. Norges Bank bought a new position in Reinsurance Group of America during the fourth quarter valued at about $96,942,000. Morgan Stanley grew its holdings in Reinsurance Group of America by 121.0% during the fourth quarter. Morgan Stanley now owns 930,151 shares of the insurance provider’s stock worth $132,165,000 after acquiring an additional 509,220 shares during the period. Alliancebernstein L.P. raised its position in Reinsurance Group of America by 446.0% in the third quarter. Alliancebernstein L.P. now owns 581,096 shares of the insurance provider’s stock worth $73,108,000 after acquiring an additional 474,672 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in Reinsurance Group of America by 966.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 320,000 shares of the insurance provider’s stock valued at $46,461,000 after acquiring an additional 290,000 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Piper Sandler increased their target price on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Morgan Stanley upped their price target on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday. Keefe, Bruyette & Woods lifted their price objective on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Evercore ISI increased their target price on Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, UBS Group lifted their price target on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America has an average rating of “Moderate Buy” and a consensus target price of $194.38.

Reinsurance Group of America Price Performance

NYSE RGA opened at $182.40 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $12.00 billion, a PE ratio of 13.58 and a beta of 0.89. Reinsurance Group of America, Incorporated has a 12-month low of $133.13 and a 12-month high of $196.25. The company has a 50 day moving average price of $181.96 and a two-hundred day moving average price of $167.34.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, topping the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the business posted $2.99 earnings per share. The business’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities analysts predict that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 dividend on an annualized basis and a yield of 1.86%. Reinsurance Group of America’s payout ratio is currently 25.32%.

Insider Buying and Selling at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,588 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the completion of the sale, the executive vice president now directly owns 13,625 shares in the company, valued at $2,341,183.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP William L. Hutton sold 1,588 shares of Reinsurance Group of America stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the transaction, the executive vice president now owns 13,625 shares in the company, valued at approximately $2,341,183.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William L. Hutton sold 1,908 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction of $346,950.72. Following the sale, the executive vice president now owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The disclosure for this sale can be found here. Insiders have sold a total of 6,462 shares of company stock worth $1,162,239 over the last 90 days. Insiders own 1.31% of the company’s stock.

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.