Banco Santander S.A. Trims Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Banco Santander S.A. lowered its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 52,927 shares of the insurance provider's stock after selling 3,016 shares during the period. Banco Santander S.A. owned about 0.08% of Reinsurance Group of America worth $11,307,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RGA. WCM Investment Management LLC boosted its holdings in Reinsurance Group of America by 1,208.5% in the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider's stock worth $527,742,000 after buying an additional 2,260,605 shares during the period. Raymond James Financial Inc. bought a new position in Reinsurance Group of America in the 4th quarter worth $48,724,000. JPMorgan Chase & Co. boosted its holdings in shares of Reinsurance Group of America by 47.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider's stock valued at $79,512,000 after purchasing an additional 117,829 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Reinsurance Group of America by 2,791.1% during the 4th quarter. CIBC Asset Management Inc now owns 67,884 shares of the insurance provider's stock valued at $14,502,000 after purchasing an additional 65,536 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at about $11,803,000. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Down 1.1 %

Reinsurance Group of America stock traded down $2.20 during midday trading on Friday, reaching $190.80. The stock had a trading volume of 548,553 shares, compared to its average volume of 532,415. 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, Incorporated has a 52-week low of $178.84 and a 52-week high of $233.81. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 17.77 and a beta of 0.91. The company has a fifty day moving average of $212.57 and a 200 day moving average of $215.77.

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Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 14.55% and a net margin of 3.24%. 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is currently 33.15%.

Analysts Set New Price Targets

RGA has been the subject of several research reports. Barclays dropped their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Wells Fargo & Company increased their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Finally, Piper Sandler dropped their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $229.62.

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.