QRG Capital Management Inc. Acquires 211 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

QRG Capital Management Inc. lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,124 shares of the insurance provider’s stock after buying an additional 211 shares during the quarter. QRG Capital Management Inc.’s holdings in Reinsurance Group of America were worth $881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Trust Co. NA boosted its stake in Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 120 shares during the last quarter. Strengthening Families & Communities LLC acquired a new position in shares of Reinsurance Group of America in the 3rd quarter valued at $36,000. Capital Performance Advisors LLP bought a new position in shares of Reinsurance Group of America in the 3rd quarter worth $37,000. Spire Wealth Management grew its stake in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 57 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 80 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock opened at $198.53 on Tuesday. 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 has a market cap of $13.11 billion, a price-to-earnings ratio of 18.49 and a beta of 0.93. The stock’s 50-day moving average is $214.05 and its 200-day moving average is $216.25. Reinsurance Group of America, Incorporated has a one year low of $175.88 and a one year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Equities analysts predict 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 will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.79%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 33.15%.

Wall Street Analysts Forecast Growth

RGA has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Piper Sandler reduced their price objective 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, February 10th. Morgan Stanley lowered their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. boosted their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays dropped their price objective on 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 investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.62.

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.