Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Blue Trust Inc.

Blue Trust Inc. trimmed its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 37.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,106 shares of the insurance provider's stock after selling 1,823 shares during the period. Blue Trust Inc.'s holdings in Reinsurance Group of America were worth $664,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC raised its stake in shares of Reinsurance Group of America by 65.1% in the 3rd quarter. CWM LLC now owns 2,244 shares of the insurance provider's stock valued at $489,000 after acquiring an additional 885 shares during the period. Creative Planning grew its stake in shares of Reinsurance Group of America by 3.1% in the third quarter. Creative Planning now owns 10,370 shares of the insurance provider's stock valued at $2,259,000 after buying an additional 314 shares in the last quarter. Trust Point Inc. lifted its stake in Reinsurance Group of America by 6.9% during the 3rd quarter. Trust Point Inc. now owns 1,242 shares of the insurance provider's stock worth $271,000 after acquiring an additional 80 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in Reinsurance Group of America by 5.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,401 shares of the insurance provider's stock valued at $305,000 after acquiring an additional 75 shares during the period. Finally, Resonant Capital Advisors LLC grew its position in Reinsurance Group of America by 1.2% in the 3rd quarter. Resonant Capital Advisors LLC now owns 4,368 shares of the insurance provider's stock valued at $952,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of RGA traded down $3.27 during midday trading on Thursday, reaching $195.96. 643,402 shares of the stock were exchanged, compared to its average volume of 540,470. Reinsurance Group of America, Incorporated has a twelve month low of $168.51 and a twelve month high of $233.81. 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 company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 18.25 and a beta of 0.93. The business's 50-day moving average price is $215.68 and its 200 day moving average price is $216.29.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its 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 net margin of 3.24% and a return on equity of 14.55%. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.88 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

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

Analyst Upgrades and Downgrades

RGA has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on shares of 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Barclays cut their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Piper Sandler lowered 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 report on Monday, February 10th. Finally, Morgan Stanley decreased 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 research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Reinsurance Group of America has an average rating of "Moderate Buy" and an average price target of $229.54.

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.