Reinsurance Group of America, Incorporated $RGA Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,943,568 shares of the insurance provider’s stock after selling 136,000 shares during the period. Vanguard Group Inc. owned about 0.11% of Reinsurance Group of America worth $1,412,738,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of RGA. Millstone Evans Group LLC grew its holdings in Reinsurance Group of America by 82.4% in 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 during the 3rd quarter worth approximately $33,000. Advisory Services Network LLC purchased a new position in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $38,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Reinsurance Group of America by 632.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 205 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 177 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Reinsurance Group of America in the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

RGA has been the topic of several research analyst reports. UBS Group lifted their target price on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. TD Cowen reissued a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Morgan Stanley raised their target price on Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, Barclays boosted their price target on Reinsurance Group of America from $245.00 to $256.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Six research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $246.71.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $211.74 on Friday. The company has a market cap of $13.87 billion, a P/E ratio of 11.93 and a beta of 0.52. Reinsurance Group of America, Incorporated has a twelve month low of $165.52 and a twelve month high of $229.21. The company’s 50-day moving average price is $208.13 and its 200-day moving average price is $201.56. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (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 during the quarter, compared to analysts’ expectations of $6.25 billion. During the same quarter in the prior year, the company earned $4.99 EPS. Reinsurance Group of America’s revenue was up 26.6% compared to the same quarter last year. On average, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 26.27 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 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.