Douglas Lane & Associates LLC Lowers Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Douglas Lane & Associates LLC trimmed its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 566,026 shares of the insurance provider's stock after selling 6,687 shares during the period. Reinsurance Group of America accounts for 1.7% of Douglas Lane & Associates LLC's investment portfolio, making the stock its 12th biggest position. Douglas Lane & Associates LLC owned about 0.86% of Reinsurance Group of America worth $120,920,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Earnest Partners LLC grew its stake in Reinsurance Group of America by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider's stock worth $539,476,000 after buying an additional 50,228 shares in the last quarter. WCM Investment Management LLC grew its position in Reinsurance Group of America by 1,208.5% in the third quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider's stock worth $527,742,000 after acquiring an additional 2,260,605 shares in the last quarter. Geode Capital Management LLC increased its stake in Reinsurance Group of America by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider's stock valued at $241,849,000 after acquiring an additional 18,162 shares during the last quarter. Sei Investments Co. lifted its stake in Reinsurance Group of America by 5.9% during the second quarter. Sei Investments Co. now owns 825,719 shares of the insurance provider's stock worth $169,497,000 after purchasing an additional 45,709 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI lifted its stake in Reinsurance Group of America by 681.8% during the second quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider's stock worth $104,244,000 after purchasing an additional 442,883 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. StockNews.com raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, October 3rd. Raymond James upped their price objective on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a "strong-buy" rating in a research note on Tuesday, September 24th. Piper Sandler increased their target price on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their price target on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $228.31.

Reinsurance Group of America Trading Up 0.0 %

NYSE RGA traded up $0.08 on Wednesday, hitting $221.82. The company's stock had a trading volume of 652,720 shares, compared to its average volume of 571,124. The firm has a market cap of $14.61 billion, a P/E ratio of 20.37 and a beta of 0.94. Reinsurance Group of America, Incorporated has a 52-week low of $163.81 and a 52-week high of $233.81. The company's 50-day simple moving average is $219.30 and its 200 day simple moving average is $215.11. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping 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%. The firm's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $5.57 earnings per share. Research analysts predict that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America's payout ratio is 32.69%.

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.