B. Metzler seel. Sohn & Co. AG Buys 9,075 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

B. Metzler seel. Sohn & Co. AG raised its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,250 shares of the insurance provider’s stock after buying an additional 9,075 shares during the period. B. Metzler seel. Sohn & Co. AG owned about 0.10% of Reinsurance Group of America worth $13,479,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alliancebernstein L.P. lifted its holdings in Reinsurance Group of America by 389.4% in the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock valued at $239,911,000 after acquiring an additional 893,537 shares during the period. AIA Group Ltd bought a new position in shares of Reinsurance Group of America in the 4th quarter worth approximately $653,000. Schroder Investment Management Group boosted its holdings in shares of Reinsurance Group of America by 1.4% in the fourth quarter. Schroder Investment Management Group now owns 387,444 shares of the insurance provider’s stock worth $82,293,000 after buying an additional 5,328 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Reinsurance Group of America by 265.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 395 shares of the insurance provider’s stock valued at $84,000 after buying an additional 287 shares during the period. Finally, Orion Portfolio Solutions LLC bought a new position in Reinsurance Group of America in the fourth quarter worth approximately $2,031,000. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Trading Down 2.8 %

Shares of RGA stock opened at $195.69 on Monday. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 18.22 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 12-month low of $178.84 and a 12-month high of $233.81. The stock’s 50-day moving average price is $204.94 and its 200-day moving average price is $213.54.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Equities research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.82%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 33.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RGA shares. Barclays reduced their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Morgan Stanley decreased their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Piper Sandler cut their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Evercore ISI decreased their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Finally, Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $231.85.

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.