Bridgewater Associates LP Cuts Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Bridgewater Associates LP lessened its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 41.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,083 shares of the insurance provider's stock after selling 12,555 shares during the period. Bridgewater Associates LP's holdings in Reinsurance Group of America were worth $3,863,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RGA. Principal Financial Group Inc. increased its position in Reinsurance Group of America by 19.2% in the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider's stock worth $38,895,000 after buying an additional 29,352 shares during the last quarter. Martin Capital Partners LLC bought a new position in Reinsurance Group of America in the 4th quarter worth about $1,788,000. Nordea Investment Management AB increased its position in shares of Reinsurance Group of America by 4.8% in the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider's stock worth $19,232,000 after purchasing an additional 4,119 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Reinsurance Group of America by 23.8% during the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock valued at $3,077,000 after buying an additional 2,768 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Reinsurance Group of America by 7.9% during the third quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider's stock valued at $16,862,000 after purchasing an additional 5,699 shares in the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA traded up $3.08 during midday trading on Wednesday, reaching $189.91. 68,826 shares of the company's stock traded hands, compared to its average volume of 498,700. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The stock has a 50 day moving average of $190.19 and a 200 day moving average of $208.89. 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 company has a market cap of $12.55 billion, a price-to-earnings ratio of 17.68 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted 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%. As a group, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders 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 payout ratio is 33.15%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Evercore ISI decreased their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. UBS Group reissued a "neutral" rating and set 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. Royal Bank of Canada restated an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Morgan Stanley decreased 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 report on Friday, February 14th. Finally, Wells Fargo & Company decreased their target price on shares of Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $230.15.

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.