New York Life Investment Management LLC Has $1.49 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

New York Life Investment Management LLC cut its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,982 shares of the insurance provider’s stock after selling 610 shares during the quarter. New York Life Investment Management LLC’s holdings in Reinsurance Group of America were worth $1,492,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA lifted its holdings in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after buying an additional 120 shares during the last quarter. Strengthening Families & Communities LLC acquired a new position in shares of Reinsurance Group of America during the third quarter worth approximately $36,000. Capital Performance Advisors LLP acquired a new position in shares of Reinsurance Group of America during the third quarter worth approximately $37,000. Spire Wealth Management lifted its holdings 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 buying an additional 57 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of 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 in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA opened at $198.53 on Tuesday. The business has a fifty day moving average of $214.05 and a 200-day moving average of $216.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a twelve month low of $175.88 and a twelve month high of $233.81. The firm has a market cap of $13.11 billion, a PE ratio of 18.49 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share 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%. On average, equities research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

Analyst Ratings Changes

A number of brokerages recently commented on RGA. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Morgan Stanley cut their target price on 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. upped their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Piper Sandler cut their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Barclays cut their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.