BI Asset Management Fondsmaeglerselskab A S Sells 14,282 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 97.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 434 shares of the insurance provider's stock after selling 14,282 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Reinsurance Group of America were worth $93,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Spire Wealth Management lifted its stake in Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after buying an additional 57 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Reinsurance Group of America in the fourth quarter worth $44,000. Versant Capital Management Inc increased its stake in Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 80 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Reinsurance Group of America by 99.4% during the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after purchasing an additional 155 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at about $70,000. Institutional investors own 95.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RGA. UBS Group reissued a "neutral" rating and issued a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Piper Sandler decreased their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Keefe, Bruyette & Woods dropped their price objective on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada reissued an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and raised their price target for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $230.15.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock traded down $3.56 during trading hours on Friday, hitting $187.99. 411,536 shares of the company's stock traded hands, compared to its average volume of 407,677. The company has a fifty day simple moving average of $189.55 and a 200-day simple moving average of $208.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 17.50 and a beta of 0.70. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released 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%. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS 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 paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is currently 33.15%.

Reinsurance Group of America Company 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.