Keeley Teton Advisors LLC Cuts Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Keeley Teton Advisors LLC reduced its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,155 shares of the insurance provider’s stock after selling 1,002 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Reinsurance Group of America were worth $3,024,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RGA. Principal Financial Group Inc. increased its stake in shares of Reinsurance Group of America by 19.2% during the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock valued at $38,895,000 after buying an additional 29,352 shares during the period. Martin Capital Partners LLC purchased a new position in Reinsurance Group of America in the 4th quarter worth $1,788,000. Nordea Investment Management AB raised its position in Reinsurance Group of America by 4.8% during the 4th quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock worth $19,232,000 after buying an additional 4,119 shares during the last quarter. Pacer Advisors Inc. grew its position in Reinsurance Group of America by 23.8% during the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock worth $3,077,000 after purchasing an additional 2,768 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Reinsurance Group of America by 7.9% in the third quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock valued at $16,862,000 after acquiring an additional 5,699 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Reinsurance Group of America from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Piper Sandler reduced their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Morgan Stanley cut their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, UBS Group reaffirmed a “neutral” rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $230.15.

Reinsurance Group of America Trading Up 1.5 %

Shares of Reinsurance Group of America stock opened at $180.90 on Tuesday. The company has a 50-day simple moving average of $192.96 and a 200 day simple moving average of $210.25. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The stock has a market capitalization of $11.95 billion, a P/E ratio of 16.84 and a beta of 0.70. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is 33.15%.

About Reinsurance Group of America

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.