American Century Companies Inc. Sells 108,288 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

American Century Companies Inc. lowered its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 900,701 shares of the insurance provider's stock after selling 108,288 shares during the quarter. American Century Companies Inc. owned approximately 1.37% of Reinsurance Group of America worth $192,417,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. WCM Investment Management LLC raised its position in Reinsurance Group of America by 1.4% during 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 acquiring an additional 33,082 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 acquiring an additional 18,162 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Reinsurance Group of America by 8.2% during the 3rd quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider's stock valued at $79,872,000 after acquiring an additional 27,931 shares during the last quarter. JPMorgan Chase & Co. raised 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 valued at $79,512,000 after acquiring an additional 117,829 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Reinsurance Group of America in the 4th quarter valued at approximately $48,724,000. 95.11% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

RGA has been the topic of several analyst reports. Wells Fargo & Company increased their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Evercore ISI dropped their target price 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, March 13th. Piper Sandler cut their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, Morgan Stanley cut their price objective on 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. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $231.85.

Reinsurance Group of America Stock Performance

RGA stock traded down $0.01 during midday trading on Thursday, hitting $201.61. The stock had a trading volume of 285,814 shares, compared to its average volume of 381,553. Reinsurance Group of America, Incorporated has a 52 week low of $178.84 and a 52 week high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The stock has a 50-day simple moving average of $205.94 and a 200 day simple moving average of $213.70. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 18.77 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts' consensus estimates 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%. As a group, equities research analysts anticipate 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 was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's payout ratio is 33.15%.

Reinsurance Group of America Profile

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.