New York State Common Retirement Fund Sells 2,554 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

New York State Common Retirement Fund lowered its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 187,888 shares of the insurance provider's stock after selling 2,554 shares during the period. New York State Common Retirement Fund owned approximately 0.29% of Reinsurance Group of America worth $40,139,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in shares of Reinsurance Group of America in the fourth quarter worth about $70,000. Venturi Wealth Management LLC increased its position in shares of Reinsurance Group of America by 953.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,349 shares of the insurance provider's stock worth $502,000 after acquiring an additional 2,126 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Reinsurance Group of America by 2,791.1% in the 4th quarter. CIBC Asset Management Inc now owns 67,884 shares of the insurance provider's stock worth $14,502,000 after buying an additional 65,536 shares during the period. Sanctuary Advisors LLC lifted its stake in Reinsurance Group of America by 6.2% in the fourth quarter. Sanctuary Advisors LLC now owns 11,094 shares of the insurance provider's stock worth $2,564,000 after acquiring an additional 651 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Reinsurance Group of America by 19.2% during the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider's stock valued at $38,895,000 after purchasing an additional 29,352 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $244.00 to $263.00 and gave the company an "overweight" rating in a report on Wednesday. Barclays cut their price objective on shares of 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 reissued an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, 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. Three equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $229.54.

Reinsurance Group of America Stock Down 3.4 %

NYSE:RGA traded down $6.72 on Friday, reaching $189.40. The stock had a trading volume of 831,733 shares, compared to its average volume of 549,036. Reinsurance Group of America, Incorporated has a 12-month low of $169.08 and a 12-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 stock has a market cap of $12.47 billion, a P/E ratio of 17.63 and a beta of 0.93. The company has a 50-day moving average of $215.37 and a 200 day moving average of $216.15.

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 for the quarter, missing analysts' consensus estimates 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%. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 22.88 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is 33.15%.

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.