Guggenheim Capital LLC Reduces Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Guggenheim Capital LLC lowered its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 69.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,108 shares of the insurance provider's stock after selling 2,491 shares during the quarter. Guggenheim Capital LLC's holdings in Reinsurance Group of America were worth $237,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of RGA. Barclays PLC increased its holdings in shares of Reinsurance Group of America by 5.5% during the third quarter. Barclays PLC now owns 102,790 shares of the insurance provider's stock valued at $22,396,000 after acquiring an additional 5,398 shares in the last quarter. Invst LLC acquired a new position in shares of Reinsurance Group of America during the third quarter valued at about $229,000. Wilmington Savings Fund Society FSB purchased a new stake in Reinsurance Group of America in the third quarter valued at approximately $293,000. Franklin Resources Inc. boosted its position in Reinsurance Group of America by 7.9% in 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 boosted its position in 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 buying an additional 13,596 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Trading Up 1.4 %

Shares of NYSE:RGA opened at $190.65 on Tuesday. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The company's 50 day moving average is $189.38 and its two-hundred day moving average is $208.17. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The company has a market cap of $12.60 billion, a PE ratio of 17.75 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts' consensus estimates 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%. Equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.87%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's payout ratio is currently 33.15%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Piper Sandler lowered their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Morgan Stanley reduced 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 research note on Friday, February 14th. UBS Group reissued a "neutral" rating and issued a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Evercore ISI cut their target price 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. Finally, Barclays reduced their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $230.15.

About Reinsurance Group of America

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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