Reinsurance Group of America, Incorporated $RGA Shares Sold by Nuance Investments LLC

Nuance Investments LLC reduced its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 56.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,239 shares of the insurance provider’s stock after selling 47,191 shares during the quarter. Nuance Investments LLC’s holdings in Reinsurance Group of America were worth $7,188,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cordatus Wealth Management LLC raised its position in shares of Reinsurance Group of America by 3.1% during the 1st quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider’s stock valued at $331,000 after acquiring an additional 50 shares in the last quarter. Journey Strategic Wealth LLC raised its holdings in shares of Reinsurance Group of America by 4.9% during the first quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider’s stock worth $237,000 after purchasing an additional 56 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Reinsurance Group of America by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after buying an additional 58 shares during the last quarter. Oakworth Capital Inc. lifted its position in shares of Reinsurance Group of America by 32.4% in the 2nd quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock worth $49,000 after buying an additional 60 shares during the last quarter. Finally, Paulson Wealth Management Inc. grew its position in shares of Reinsurance Group of America by 4.5% during the 2nd quarter. Paulson Wealth Management Inc. now owns 1,569 shares of the insurance provider’s stock valued at $311,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RGA shares. Wells Fargo & Company cut their target price on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Morgan Stanley dropped their price target on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Keefe, Bruyette & Woods cut their price target on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Raymond James Financial lowered Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Finally, Barclays reaffirmed an “overweight” rating and issued a $246.00 price target on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $239.89.

Reinsurance Group of America Stock Down 0.4%

Shares of NYSE:RGA opened at $190.39 on Friday. The firm has a 50 day simple moving average of $190.86 and a 200 day simple moving average of $194.12. The company has a market cap of $12.51 billion, a PE ratio of 16.53 and a beta of 0.62. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.16.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.57. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.02 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.13 EPS. As a group, research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, November 10th. Reinsurance Group of America’s dividend payout ratio is presently 28.62%.

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.