Charles Schwab Investment Management Inc. Reduces Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Charles Schwab Investment Management Inc. decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 426,044 shares of the insurance provider's stock after selling 2,254 shares during the period. Charles Schwab Investment Management Inc. owned 0.65% of Reinsurance Group of America worth $92,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banco Santander S.A. grew its stake in Reinsurance Group of America by 0.8% during the third quarter. Banco Santander S.A. now owns 55,943 shares of the insurance provider's stock worth $12,188,000 after purchasing an additional 428 shares during the period. First Horizon Advisors Inc. grew its stake in Reinsurance Group of America by 105.3% during the third quarter. First Horizon Advisors Inc. now owns 312 shares of the insurance provider's stock worth $68,000 after purchasing an additional 160 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Reinsurance Group of America during the third quarter worth approximately $11,803,000. Tranquility Partners LLC acquired a new stake in Reinsurance Group of America during the third quarter worth approximately $200,000. Finally, Caprock Group LLC acquired a new stake in Reinsurance Group of America in the third quarter valued at approximately $238,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on RGA shares. Wells Fargo & Company raised their price objective on Reinsurance Group of America from $239.00 to $244.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Royal Bank of Canada raised their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. TD Cowen assumed coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They issued a "hold" rating and a $235.00 price objective for the company. Morgan Stanley dropped their target price on Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating on the stock in a report on Monday, August 19th. Finally, Barclays raised their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Three investment 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $227.77.

Insiders Place Their Bets

In related news, EVP William L. Hutton sold 1,209 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the transaction, the executive vice president now owns 12,357 shares of the company's stock, valued at $2,705,812.29. This trade represents a 8.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.37% of the company's stock.

Reinsurance Group of America Price Performance

RGA stock traded down $2.18 during mid-day trading on Wednesday, hitting $229.46. 273,586 shares of the stock were exchanged, compared to its average volume of 355,501. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The business has a fifty day moving average price of $219.86 and a 200 day moving average price of $213.42. Reinsurance Group of America, Incorporated has a 12 month low of $157.48 and a 12 month high of $233.81. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 21.07 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating analysts' consensus estimates of $5.31 by $0.82. The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. Reinsurance Group of America's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.57 EPS. On average, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 21.93 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.89 per share. The ex-dividend date was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.55%. Reinsurance Group of America's dividend payout ratio (DPR) is 32.69%.

Reinsurance Group of America 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.