Earnest Partners LLC Has $542.03 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Earnest Partners LLC lessened its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,537,231 shares of the insurance provider's stock after selling 43,058 shares during the period. Reinsurance Group of America comprises 2.4% of Earnest Partners LLC's holdings, making the stock its biggest position. Earnest Partners LLC owned 3.85% of Reinsurance Group of America worth $542,029,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC grew its stake in Reinsurance Group of America by 5.5% during the 3rd quarter. Barclays PLC now owns 102,790 shares of the insurance provider's stock worth $22,396,000 after buying an additional 5,398 shares during the last quarter. Invst LLC acquired a new position in Reinsurance Group of America during the 3rd quarter valued at approximately $229,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Reinsurance Group of America during the third quarter worth $293,000. Franklin Resources Inc. grew its holdings in shares of 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 buying an additional 5,699 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of Reinsurance Group of America by 9.2% in the third quarter. Retirement Systems of Alabama now owns 161,301 shares of the insurance provider's stock valued at $35,143,000 after purchasing an additional 13,596 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Barclays cut their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a report on Monday, January 6th. UBS Group restated a "neutral" rating and set a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price objective on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Evercore ISI cut their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Reinsurance Group of America has an average rating of "Moderate Buy" and a consensus target price of $230.15.

Reinsurance Group of America Stock Down 1.9 %

NYSE RGA opened at $187.99 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The business's fifty day simple moving average is $189.55 and its 200-day simple moving average is $208.39. The firm has a market cap of $12.42 billion, a PE ratio of 17.50 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly 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%. As a group, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.89%. Reinsurance Group of America's payout ratio is currently 33.15%.

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.

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