Handelsbanken Fonder AB Acquires 53,300 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Handelsbanken Fonder AB increased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 121.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,300 shares of the insurance provider’s stock after purchasing an additional 53,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Reinsurance Group of America were worth $20,786,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Eagle Asset Management Inc. grew its stake in shares of Reinsurance Group of America by 15.7% in the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock worth $25,297,000 after purchasing an additional 15,289 shares during the last quarter. Martin Capital Partners LLC bought a new stake in shares of Reinsurance Group of America in the fourth quarter worth $1,788,000. Nordea Investment Management AB grew its stake in shares of Reinsurance Group of America by 4.8% in the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock worth $19,232,000 after purchasing an additional 4,119 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Reinsurance Group of America by 23.8% in the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock worth $3,077,000 after purchasing an additional 2,768 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Reinsurance Group of America by 7.9% during the third quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock valued at $16,862,000 after acquiring an additional 5,699 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 3.4 %

RGA opened at $189.40 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a fifty-two week low of $169.08 and a fifty-two week high of $233.81. The firm has a market capitalization of $12.47 billion, a PE ratio of 17.63 and a beta of 0.93. The company’s 50-day moving average is $215.37 and its 200 day moving average is $216.15.

Reinsurance Group of America (NYSE:RGA) last posted 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 return on equity of 14.55% and a net margin of 3.24%. As a group, research analysts predict that Reinsurance Group of America, Incorporated will post 22.88 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.89 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.88%. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

Analysts Set New Price Targets

A number of brokerages have commented on RGA. Piper Sandler cut their price target on shares of 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. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $244.00 to $263.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley cut their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, Barclays cut their price target 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. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $229.54.

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.