Brandywine Global Investment Management LLC decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,388 shares of the insurance provider's stock after selling 2,208 shares during the period. Brandywine Global Investment Management LLC owned 0.05% of Reinsurance Group of America worth $7,133,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RGA. 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 last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Reinsurance Group of America in the 4th quarter worth about $44,000. Versant Capital Management Inc lifted its position in Reinsurance Group of America by 38.1% in the 4th 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 during the last quarter. Private Trust Co. NA boosted its stake in Reinsurance Group of America by 99.4% during the 4th 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 bought a new position in Reinsurance Group of America in the 4th quarter worth about $70,000. Institutional investors and hedge funds own 95.11% of the company's stock.
Reinsurance Group of America Price Performance
Shares of NYSE RGA traded down $14.84 during trading on Friday, hitting $172.27. The company had a trading volume of 874,362 shares, compared to its average volume of 403,866. Reinsurance Group of America, Incorporated has a 52 week low of $170.19 and a 52 week high of $233.81. The business's 50-day moving average is $201.62 and its 200 day moving average is $212.70. The company has a market cap of $11.37 billion, a P/E ratio of 16.04 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.
Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (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%. Equities research analysts predict 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's payout ratio is 33.15%.
Wall Street Analyst Weigh In
RGA has been the subject of a number of analyst reports. Morgan Stanley reduced their price target 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. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $232.00 to $237.00 in a report on Wednesday. Evercore ISI decreased their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Barclays dropped their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued 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 given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $230.38.
Get Our Latest Stock Report on RGA
Reinsurance Group of America Company Profile
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Free Report)
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.
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