AGF Management Ltd. Sells 3,450 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

AGF Management Ltd. decreased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 23.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,114 shares of the insurance provider's stock after selling 3,450 shares during the quarter. AGF Management Ltd.'s holdings in Reinsurance Group of America were worth $2,374,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. WCM Investment Management LLC lifted its holdings in shares of Reinsurance Group of America by 1.4% in the fourth quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock valued at $526,911,000 after purchasing an additional 33,082 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Reinsurance Group of America by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider's stock worth $241,849,000 after buying an additional 18,162 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Reinsurance Group of America by 8.2% in the 3rd quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider's stock worth $79,872,000 after buying an additional 27,931 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Reinsurance Group of America by 47.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider's stock worth $79,512,000 after buying an additional 117,829 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Reinsurance Group of America during the fourth quarter worth $48,724,000. Institutional investors and hedge funds own 95.11% of the company's stock.

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Analyst Upgrades and Downgrades

RGA has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Morgan Stanley reduced their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Piper Sandler lowered 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 research report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Finally, Evercore ISI lowered their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $231.85.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock traded up $1.32 during trading hours on Monday, reaching $192.82. The company had a trading volume of 371,596 shares, compared to its average volume of 378,036. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a one year low of $77.21 and a one year high of $233.81. The firm has a market cap of $12.73 billion, a PE ratio of 17.95 and a beta of 0.91. The business has a fifty day simple moving average of $209.88 and a 200 day simple moving average of $214.95.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 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.