Kennedy Capital Management LLC Reduces Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Kennedy Capital Management LLC cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,152 shares of the insurance provider's stock after selling 2,232 shares during the quarter. Kennedy Capital Management LLC owned about 0.10% of Reinsurance Group of America worth $14,132,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RGA. Spire Wealth Management grew 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 buying an additional 57 shares during the period. SBI Securities Co. Ltd. purchased a new position in Reinsurance Group of America in the fourth quarter worth approximately $44,000. Versant Capital Management Inc increased its stake in Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after acquiring an additional 80 shares during the last quarter. Private Trust Co. NA raised its position in Reinsurance Group of America by 99.4% in the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after purchasing an additional 155 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at $70,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on RGA. Wells Fargo & Company decreased their target price on shares of Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their target price on Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Piper Sandler lowered their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, UBS Group reiterated a "neutral" rating and issued a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Three investment 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. According to MarketBeat, Reinsurance Group of America currently has an average rating of "Moderate Buy" and an average price target of $230.15.

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Reinsurance Group of America Stock Up 0.6 %

Shares of RGA stock traded up $1.04 on Tuesday, reaching $182.15. 71,776 shares of the stock were exchanged, compared to its average volume of 406,551. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. 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 capitalization of $12.04 billion, a price-to-earnings ratio of 16.96 and a beta of 0.70. The business's 50 day moving average price is $192.96 and its 200 day moving average price is $210.25.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is 33.15%.

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.