O Shaughnessy Asset Management LLC Sells 1,874 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

O Shaughnessy Asset Management LLC lessened its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,478 shares of the insurance provider's stock after selling 1,874 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.07% of Reinsurance Group of America worth $9,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Spire Wealth Management increased 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 acquiring an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America during the fourth quarter valued at approximately $44,000. Versant Capital Management Inc increased its stake in 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 purchasing an additional 80 shares in the last quarter. Private Trust Co. NA raised its holdings 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 worth $66,000 after purchasing an additional 155 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of Reinsurance Group of America during the fourth quarter worth $70,000. Institutional investors own 95.11% of the company's stock.

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Analysts Set New Price Targets

RGA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $232.00 to $237.00 in a research report on Wednesday. Barclays lowered their price target 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. Royal Bank of Canada reiterated an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. UBS Group reissued a "neutral" rating and set a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday. Finally, Evercore ISI cut their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. 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 company's stock. According to data from MarketBeat.com, Reinsurance Group of America has an average 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 on Friday, reaching $172.27. The company's stock had a trading volume of 874,362 shares, compared to its average volume of 403,866. 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 one year low of $170.19 and a one year high of $233.81. The business has a fifty day moving average price of $201.62 and a 200-day moving average price of $212.70. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

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 EPS 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 anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders 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 dividend on an annualized basis and a yield of 2.07%. Reinsurance Group of America's dividend payout ratio is 33.15%.

Reinsurance Group of America Company 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.