Great Lakes Advisors LLC Sells 3,456 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Great Lakes Advisors LLC trimmed its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,912 shares of the insurance provider's stock after selling 3,456 shares during the quarter. Great Lakes Advisors LLC owned about 0.12% of Reinsurance Group of America worth $16,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Spire Wealth Management lifted its stake in shares of Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 57 shares during the period. Keybank National Association OH increased its position in Reinsurance Group of America by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock valued at $500,000 after buying an additional 59 shares in the last quarter. Baron Wealth Management LLC increased its position in Reinsurance Group of America by 4.5% in the 3rd quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider's stock valued at $324,000 after buying an additional 64 shares in the last quarter. Mount Lucas Management LP increased its position in Reinsurance Group of America by 2.9% in the 3rd quarter. Mount Lucas Management LP now owns 2,592 shares of the insurance provider's stock valued at $565,000 after buying an additional 72 shares in the last quarter. Finally, Inspire Investing LLC increased its position in 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 buying an additional 72 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded down $1.90 during trading on Thursday, hitting $185.97. The stock had a trading volume of 337,113 shares, compared to its average volume of 533,767. Reinsurance Group of America, Incorporated has a 1 year low of $178.84 and a 1 year high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average is $210.42 and its two-hundred day moving average is $215.08. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 17.32 and a beta of 0.91.

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 EPS for the quarter, missing the consensus estimate 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, analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.91%. Reinsurance Group of America's payout ratio is 33.15%.

Analyst Ratings Changes

RGA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Evercore ISI decreased their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday. Morgan Stanley decreased their price objective 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. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Finally, Barclays decreased their price objective on 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. 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $231.85.

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.