Schear Investment Advisers LLC Purchases Shares of 1,081 Reinsurance Group of America, Incorporated (NYSE:RGA)

Schear Investment Advisers LLC bought a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,081 shares of the insurance provider’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC raised its stake in shares of Reinsurance Group of America by 65.1% during the 3rd quarter. CWM LLC now owns 2,244 shares of the insurance provider’s stock worth $489,000 after buying an additional 885 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter worth approximately $25,000. Creative Planning raised its position in Reinsurance Group of America by 3.1% in the third quarter. Creative Planning now owns 10,370 shares of the insurance provider’s stock valued at $2,259,000 after purchasing an additional 314 shares during the period. Occidental Asset Management LLC acquired a new position in Reinsurance Group of America in the third quarter valued at about $1,299,000. Finally, Wolff Wiese Magana LLC acquired a new stake in Reinsurance Group of America in the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Ratings Changes

RGA has been the topic of a number of recent research reports. Piper Sandler cut their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday. Barclays lowered their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $228.31.

Reinsurance Group of America Trading Down 1.8 %

NYSE RGA opened at $196.98 on Wednesday. The stock has a 50-day simple moving average of $218.19 and a 200 day simple moving average of $217.27. The company has a market capitalization of $12.97 billion, a PE ratio of 18.34 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 12 month low of $165.38 and a 12 month high of $233.81. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.80%. Research analysts forecast that Reinsurance Group of America, Incorporated will post 23.14 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.89 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.81%. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Reinsurance Group of America Company 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.