BNP PARIBAS ASSET MANAGEMENT Holding S.A. Makes New Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,471 shares of the insurance provider’s stock, valued at approximately $1,123,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in shares of Reinsurance Group of America by 16,078.1% in the 4th quarter. International Assets Investment Management LLC now owns 22,164 shares of the insurance provider’s stock valued at $3,586,000 after purchasing an additional 22,027 shares in the last quarter. CWM LLC raised its stake in shares of Reinsurance Group of America by 34.5% during the 4th quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $149,000 after buying an additional 237 shares during the period. New York Life Investment Management LLC lifted its position in shares of Reinsurance Group of America by 6.9% during the 4th quarter. New York Life Investment Management LLC now owns 7,555 shares of the insurance provider’s stock valued at $1,222,000 after buying an additional 486 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Reinsurance Group of America by 1,545.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 576 shares of the insurance provider’s stock valued at $94,000 after acquiring an additional 541 shares during the period. Finally, LSV Asset Management increased its holdings in Reinsurance Group of America by 4.7% in the 4th quarter. LSV Asset Management now owns 280,030 shares of the insurance provider’s stock worth $45,303,000 after acquiring an additional 12,500 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Ratings Changes

RGA has been the topic of several recent analyst reports. Piper Sandler increased their price objective on shares of Reinsurance Group of America from $228.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, June 28th. Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $236.00 to $239.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Royal Bank of Canada boosted their price objective on Reinsurance Group of America from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Jefferies Financial Group raised their target price on Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $208.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.45.

Reinsurance Group of America Trading Up 1.6 %

Shares of RGA stock opened at $220.76 on Tuesday. Reinsurance Group of America, Incorporated has a twelve month low of $135.57 and a twelve month high of $227.87. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 17.15 and a beta of 0.92. The company’s 50-day moving average price is $210.29 and its 200-day moving average price is $199.12. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.54. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $5.07 billion. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. Reinsurance Group of America’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the business posted $4.40 EPS. As a group, equities analysts predict that Reinsurance Group of America, Incorporated will post 21.5 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.89 per share. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, August 9th. This represents a $3.56 annualized dividend and a yield of 1.61%. Reinsurance Group of America’s dividend payout ratio (DPR) is 27.66%.

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.