Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by FIL Ltd

FIL Ltd reduced its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 30.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,430 shares of the insurance provider's stock after selling 199,727 shares during the quarter. FIL Ltd owned 0.69% of Reinsurance Group of America worth $96,439,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Spire Wealth Management boosted its stake in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 57 shares in the last quarter. Keybank National Association OH boosted its position in Reinsurance Group of America by 2.6% during the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock valued at $500,000 after acquiring an additional 59 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock valued at $3,039,000 after acquiring an additional 72 shares during the period. Integrated Investment Consultants LLC raised its position in shares of Reinsurance Group of America by 2.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider's stock worth $715,000 after acquiring an additional 77 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after purchasing an additional 80 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

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Reinsurance Group of America Price Performance

NYSE RGA traded up $2.13 during trading hours on Tuesday, reaching $183.24. The company's stock had a trading volume of 46,252 shares, compared to its average volume of 509,083. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The company's 50-day moving average is $192.96 and its two-hundred day moving average is $210.25. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 17.06 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 14.55% and a net margin of 3.24%. On average, equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders 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 annualized dividend and a dividend yield of 1.94%. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RGA shares. UBS Group reaffirmed a "neutral" rating and issued a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their price target on Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Barclays decreased their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reissued an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, Wells Fargo & Company reduced their price objective on 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 research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.