Prudential Financial Inc. lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 68.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,322 shares of the insurance provider's stock after selling 11,728 shares during the quarter. Prudential Financial Inc.'s holdings in Reinsurance Group of America were worth $1,137,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management raised its position in Reinsurance Group of America by 39.0% during 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 during the last quarter. SBI Securities Co. Ltd. purchased a new position in Reinsurance Group of America during the fourth quarter worth about $44,000. Versant Capital Management Inc lifted its position 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 during the period. Private Trust Co. NA boosted its holdings in Reinsurance Group of America by 99.4% in the 4th 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 in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Reinsurance Group of America during the 4th quarter worth approximately $70,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.
Reinsurance Group of America Price Performance
Shares of NYSE:RGA traded up $4.19 on Friday, hitting $177.76. The company had a trading volume of 557,958 shares, compared to its average volume of 407,418. 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 $11.74 billion, a PE ratio of 16.55 and a beta of 0.70. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The business has a 50 day moving average of $193.93 and a 200 day moving average of $210.55.
Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (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%. As a group, equities analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 2.00%. Reinsurance Group of America's payout ratio is currently 33.15%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Wells Fargo & Company reduced their price target on Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating for the company in a report on Thursday. Morgan Stanley reduced their target price on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Keefe, Bruyette & Woods lowered their price target on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Wednesday. Piper Sandler reduced their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and an average price target of $230.15.
Read Our Latest Report on RGA
Reinsurance Group of America Company Profile
(
Free Report)
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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