Federated Hermes Inc. Has $96.06 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Federated Hermes Inc. lifted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 449,638 shares of the insurance provider’s stock after acquiring an additional 18,412 shares during the quarter. Federated Hermes Inc. owned approximately 0.68% of Reinsurance Group of America worth $96,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. raised its stake in shares of Reinsurance Group of America by 16.7% during the 4th quarter. Russell Investments Group Ltd. now owns 272,742 shares of the insurance provider’s stock worth $58,266,000 after purchasing an additional 39,095 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Reinsurance Group of America by 5.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 493,596 shares of the insurance provider’s stock valued at $105,447,000 after acquiring an additional 26,151 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in Reinsurance Group of America by 3.6% in the fourth quarter. Thoroughbred Financial Services LLC now owns 6,237 shares of the insurance provider’s stock valued at $1,332,000 after acquiring an additional 215 shares during the last quarter. ExodusPoint Capital Management LP grew its position in Reinsurance Group of America by 293.4% in the fourth quarter. ExodusPoint Capital Management LP now owns 47,288 shares of the insurance provider’s stock worth $10,102,000 after acquiring an additional 35,269 shares in the last quarter. Finally, World Investment Advisors increased its stake in shares of Reinsurance Group of America by 10.0% during the 4th quarter. World Investment Advisors now owns 2,751 shares of the insurance provider’s stock worth $588,000 after purchasing an additional 251 shares during the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RGA shares. Wells Fargo & Company lifted their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. UBS Group reiterated a “neutral” rating and set a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Evercore ISI reduced their target price on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. raised Reinsurance Group of America from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Finally, Morgan Stanley reduced their price objective 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. 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 company’s stock. According to data from MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and an average target price of $230.38.

Reinsurance Group of America Trading Down 7.9 %

Reinsurance Group of America stock opened at $172.27 on Monday. Reinsurance Group of America, Incorporated has a 12 month low of $150.00 and a 12 month high of $233.81. The stock has a market cap of $11.37 billion, a price-to-earnings ratio of 16.04 and a beta of 0.70. The business has a 50 day moving average price of $201.62 and a two-hundred day moving average price of $212.66. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly 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, equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.07%. The ex-dividend date was Tuesday, February 18th. 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.