Pensionfund DSM Netherlands Acquires 10,000 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Pensionfund DSM Netherlands grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 66.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the insurance provider’s stock after acquiring an additional 10,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Reinsurance Group of America were worth $3,151,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. bought a new stake in Reinsurance Group of America in the fourth quarter worth approximately $33,000. CI Investments Inc. boosted its holdings in shares of Reinsurance Group of America by 61.2% during the 4th quarter. CI Investments Inc. now owns 582 shares of the insurance provider’s stock worth $67,000 after buying an additional 221 shares during the period. IFP Advisors Inc boosted its holdings in shares of Reinsurance Group of America by 26.5% during the 4th quarter. IFP Advisors Inc now owns 1,190 shares of the insurance provider’s stock worth $133,000 after buying an additional 249 shares during the period. Fieldpoint Private Securities LLC bought a new stake in shares of Reinsurance Group of America during the 4th quarter worth $142,000. Finally, Highlander Capital Management LLC bought a new stake in shares of Reinsurance Group of America during the 3rd quarter worth $173,000. 94.58% of the stock is owned by institutional investors.

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a “market perform” rating to an “outperform” rating in a report on Thursday, December 17th. Morgan Stanley upped their price objective on shares of Reinsurance Group of America from $115.00 to $126.00 and gave the stock an “underweight” rating in a report on Thursday, April 1st. Credit Suisse Group downgraded shares of Reinsurance Group of America from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $96.00 to $76.00 in a report on Friday, January 29th. Piper Sandler upped their price objective on shares of Reinsurance Group of America from $127.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, January 6th. Finally, Citigroup upped their price objective on shares of Reinsurance Group of America from $135.00 to $146.00 in a report on Wednesday, March 31st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $121.56.

NYSE:RGA opened at $128.76 on Thursday. The stock has a market cap of $8.75 billion, a P/E ratio of 16.36 and a beta of 1.16. Reinsurance Group of America, Incorporated has a one year low of $66.99 and a one year high of $134.21. The company has a fifty day moving average price of $125.81 and a 200 day moving average price of $114.23. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.13 and a quick ratio of 0.13.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Sunday, February 7th. The insurance provider reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.15. Reinsurance Group of America had a net margin of 3.64% and a return on equity of 5.43%. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the company earned $3.43 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 8.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 4th. Stockholders of record on Thursday, February 18th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, February 17th. Reinsurance Group of America’s dividend payout ratio is 20.97%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It 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.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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