Bank of New York Mellon Corp Sells 65,105 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Bank of New York Mellon Corp cut its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 669,555 shares of the insurance provider's stock after selling 65,105 shares during the period. Bank of New York Mellon Corp owned about 1.02% of Reinsurance Group of America worth $143,037,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. WCM Investment Management LLC boosted its stake in 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 buying an additional 33,082 shares in the last quarter. Geode Capital Management LLC grew its position in 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 during the last quarter. Stifel Financial Corp boosted its position in 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 worth $79,872,000 after buying an additional 27,931 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Reinsurance Group of America by 47.7% during the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider's stock worth $79,512,000 after purchasing an additional 117,829 shares during the period. Finally, Loomis Sayles & Co. L P grew its stake in shares of Reinsurance Group of America by 0.3% in the third quarter. Loomis Sayles & Co. L P now owns 209,683 shares of the insurance provider's stock worth $45,683,000 after purchasing an additional 649 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

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Reinsurance Group of America Stock Performance

NYSE RGA traded down $3.36 during trading on Tuesday, hitting $195.56. 252,989 shares of the company's stock traded hands, compared to its average volume of 533,250. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 18.21 and a beta of 0.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The business has a 50 day moving average of $214.05 and a 200-day moving average of $216.25. Reinsurance Group of America, Incorporated has a 12-month low of $176.88 and a 12-month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate 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 fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.82%. Reinsurance Group of America's dividend payout ratio (DPR) is 33.15%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RGA shares. Morgan Stanley lowered their target price 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. JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Piper Sandler cut their target price on 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. 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 research report on Tuesday, February 25th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and an average target price of $229.62.

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.