Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 27.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,403 shares of the insurance provider's stock after selling 2,027 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Reinsurance Group of America were worth $1,154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. 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 worth $43,000 after buying an additional 57 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Reinsurance Group of America in the fourth quarter worth about $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 increased its stake in Reinsurance Group of America by 99.4% during the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock worth $66,000 after acquiring an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new stake in shares of Reinsurance Group of America in the 4th quarter valued at approximately $70,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Evercore ISI cut their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada reissued an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Morgan Stanley cut their target price on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $232.00 to $237.00 in a report on Wednesday. Three investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $230.38.

Reinsurance Group of America Stock Down 7.9 %

Shares of RGA stock traded down $14.84 during trading hours on Friday, reaching $172.27. 874,362 shares of the company's stock were exchanged, compared to its average volume of 403,866. 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 $11.37 billion, a price-to-earnings ratio of 16.04 and a beta of 0.70. Reinsurance Group of America, Incorporated has a fifty-two week low of $170.19 and a fifty-two week high of $233.81. The stock's 50 day moving average is $201.62 and its 200-day moving average is $212.66.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly 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%. Analysts predict 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 company also recently declared 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 2.07%. Reinsurance Group of America's dividend payout ratio is currently 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.