Reinsurance Group of America, Incorporated $RGA Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,160 shares of the insurance provider’s stock after buying an additional 17,292 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.58% of Reinsurance Group of America worth $73,809,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RGA. Millstone Evans Group LLC boosted its stake in shares of Reinsurance Group of America by 82.4% in the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Root Financial Partners LLC purchased a new position in Reinsurance Group of America in the 3rd quarter valued at $33,000. LRI Investments LLC boosted its stake in Reinsurance Group of America by 41.2% during the 3rd quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 77 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Reinsurance Group of America during the second quarter worth $57,000. Finally, True Wealth Design LLC raised its position in shares of Reinsurance Group of America by 1,323.8% in the second quarter. True Wealth Design LLC now owns 299 shares of the insurance provider’s stock valued at $59,000 after buying an additional 278 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 0.8%

RGA opened at $218.23 on Wednesday. The stock has a market capitalization of $14.31 billion, a PE ratio of 12.29 and a beta of 0.53. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $229.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.14. The business’s 50 day moving average price is $206.52 and its 200 day moving average price is $196.49.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The company had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same quarter last year, the firm earned $4.99 earnings per share. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is 20.96%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RGA shares. TD Cowen restated a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. Barclays set a $245.00 target price on Reinsurance Group of America and gave the stock an “overweight” rating in a report on Friday, February 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $263.00 price target on shares of Reinsurance Group of America in a report on Friday, February 6th. Morgan Stanley set a $208.00 price objective on Reinsurance Group of America in a research report on Monday, December 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and an average price target of $243.00.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.