Schroder Investment Management Group Purchases 5,227 Shares of Reinsurance Group of America, Incorporated $RGA

Schroder Investment Management Group raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 525,040 shares of the insurance provider’s stock after acquiring an additional 5,227 shares during the period. Schroder Investment Management Group owned approximately 0.79% of Reinsurance Group of America worth $104,147,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers grew its position in Reinsurance Group of America by 13.8% in the 1st quarter. Cetera Investment Advisers now owns 28,216 shares of the insurance provider’s stock valued at $5,556,000 after purchasing an additional 3,421 shares during the period. Bayforest Capital Ltd grew its holdings in shares of Reinsurance Group of America by 110.7% during the first quarter. Bayforest Capital Ltd now owns 1,146 shares of the insurance provider’s stock valued at $226,000 after buying an additional 602 shares during the last quarter. US Bancorp DE increased its position in shares of Reinsurance Group of America by 3.6% during the first quarter. US Bancorp DE now owns 36,989 shares of the insurance provider’s stock worth $7,284,000 after acquiring an additional 1,271 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Reinsurance Group of America in the 1st quarter worth about $351,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Reinsurance Group of America by 1.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,933 shares of the insurance provider’s stock worth $3,137,000 after acquiring an additional 286 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RGA shares. Keefe, Bruyette & Woods decreased their price objective on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Piper Sandler reiterated an “overweight” rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Finally, Morgan Stanley lowered their target price on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.89.

Reinsurance Group of America Stock Down 0.5%

Shares of NYSE:RGA opened at $189.87 on Friday. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $232.97. The company has a market capitalization of $12.48 billion, a PE ratio of 16.48 and a beta of 0.62. The business has a fifty day moving average price of $189.80 and a two-hundred day moving average price of $193.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, October 30th. The insurance provider reported $6.37 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.57. The company had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $6.13 EPS. Analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were given a $0.93 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $3.72 annualized dividend and a yield of 2.0%. Reinsurance Group of America’s payout ratio is currently 28.62%.

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.