Thoroughbred Financial Services LLC Grows Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Thoroughbred Financial Services LLC increased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,237 shares of the insurance provider’s stock after purchasing an additional 215 shares during the period. Thoroughbred Financial Services LLC’s holdings in Reinsurance Group of America were worth $1,332,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings in Reinsurance Group of America by 389.4% during the 4th 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. Norges Bank acquired a new stake in shares of Reinsurance Group of America during the fourth quarter worth about $174,082,000. Raymond James Financial Inc. acquired a new position in shares of Reinsurance Group of America in the fourth quarter valued at approximately $48,724,000. JPMorgan Chase & Co. increased its stake in Reinsurance Group of America by 47.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after buying an additional 117,829 shares during the period. Finally, LPL Financial LLC lifted its holdings in Reinsurance Group of America by 234.7% during the 4th quarter. LPL Financial LLC now owns 108,229 shares of the insurance provider’s stock worth $23,121,000 after buying an additional 75,891 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on RGA shares. Wells Fargo & Company boosted their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Piper Sandler reduced their price target on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Morgan Stanley lowered their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, Barclays cut their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.38.

Reinsurance Group of America Trading Down 7.9 %

NYSE RGA opened at $172.27 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $170.19 and a 12 month high of $233.81. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 16.04 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The firm’s fifty day moving average price is $201.62 and its 200 day moving average price is $212.73.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates 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%. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.07%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

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.