Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,222 shares of the insurance provider's stock after selling 5,633 shares during the quarter. HighTower Advisors LLC owned 0.07% of Reinsurance Group of America worth $9,874,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA increased its position in shares of Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after buying an additional 120 shares in the last quarter. Strengthening Families & Communities LLC purchased a new stake in shares of Reinsurance Group of America in the third quarter valued at approximately $36,000. Spire Wealth Management increased its position in shares of Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after buying an additional 57 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Reinsurance Group of America in the fourth quarter valued at approximately $44,000. Finally, Versant Capital Management Inc increased its position in shares of Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after buying an additional 80 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

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Reinsurance Group of America Trading Down 0.0 %

Shares of Reinsurance Group of America stock traded down $0.05 during trading hours on Friday, hitting $191.53. The company's stock had a trading volume of 1,184,575 shares, compared to its average volume of 382,178. Reinsurance Group of America, Incorporated has a twelve month low of $178.84 and a twelve month high of $233.81. The firm has a fifty day moving average of $207.55 and a 200-day moving average of $214.25. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 17.83 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

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 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%. Research analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's payout ratio is 33.15%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RGA. Wells Fargo & Company boosted their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. Barclays dropped their price target on 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. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Finally, Evercore ISI dropped 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 report on Thursday, March 13th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $231.85.

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.