Dimensional Fund Advisors LP Has $211.05 Million Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Dimensional Fund Advisors LP raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,098,564 shares of the insurance provider’s stock after acquiring an additional 49,323 shares during the period. Dimensional Fund Advisors LP’s holdings in Reinsurance Group of America were worth $211,054,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Millstone Evans Group LLC increased its position in shares of Reinsurance Group of America by 82.4% during the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 61 shares during the period. Root Financial Partners LLC acquired a new position in shares of Reinsurance Group of America in the third quarter valued at $33,000. LRI Investments LLC lifted its position in Reinsurance Group of America by 41.2% in the third 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 period. Employees Retirement System of Texas bought a new position in Reinsurance Group of America in the second quarter worth $57,000. Finally, True Wealth Design LLC boosted its stake in Reinsurance Group of America by 1,323.8% during the second quarter. True Wealth Design LLC now owns 299 shares of the insurance provider’s stock worth $59,000 after buying an additional 278 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

RGA has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Barclays set a $245.00 target price on shares of Reinsurance Group of America and gave the company an “overweight” rating in a research note on Friday, February 6th. Piper Sandler reissued an “overweight” rating and issued a $263.00 price target on shares of Reinsurance Group of America in a research report on Friday, February 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Reinsurance Group of America in a research note on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $247.75.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock opened at $207.59 on Friday. The firm has a market capitalization of $13.61 billion, a P/E ratio of 11.70 and a beta of 0.50. The stock has a fifty day moving average price of $207.88 and a two-hundred day moving average price of $197.88. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $229.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.14 and a quick ratio of 0.14.

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

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a $0.93 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. Reinsurance Group of America’s payout ratio is 20.96%.

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.