Fox Run Management L.L.C. Trims Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Fox Run Management L.L.C. lowered its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 80.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,385 shares of the insurance provider's stock after selling 5,565 shares during the quarter. Fox Run Management L.L.C.'s holdings in Reinsurance Group of America were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Citigroup Inc. increased its stake in Reinsurance Group of America by 32.3% in the third quarter. Citigroup Inc. now owns 79,230 shares of the insurance provider's stock valued at $17,262,000 after purchasing an additional 19,359 shares during the period. Cerity Partners LLC increased its holdings in shares of Reinsurance Group of America by 88.8% in the third quarter. Cerity Partners LLC now owns 36,672 shares of the insurance provider's stock valued at $7,990,000 after purchasing an additional 17,253 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Reinsurance Group of America by 86.7% during the third quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the insurance provider's stock worth $610,000 after purchasing an additional 1,300 shares during the last quarter. Private Trust Co. NA lifted its position in Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 120 shares during the period. Finally, Bank of Montreal Can grew its holdings in Reinsurance Group of America by 146.2% during the third quarter. Bank of Montreal Can now owns 77,409 shares of the insurance provider's stock worth $16,690,000 after acquiring an additional 45,972 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

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Reinsurance Group of America Price Performance

Shares of RGA traded down $0.85 during trading hours on Tuesday, reaching $196.06. 24,332 shares of the company traded hands, compared to its average volume of 398,020. The stock has a market capitalization of $12.94 billion, a PE ratio of 18.21 and a beta of 0.91. The stock has a fifty day simple moving average of $204.41 and a 200 day simple moving average of $213.44. Reinsurance Group of America, Incorporated has a fifty-two week low of $178.84 and a fifty-two week high of $233.81. 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 released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) 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%. As a group, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.82%. Reinsurance Group of America's dividend payout ratio (DPR) is currently 33.15%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RGA shares. Wells Fargo & Company increased their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Piper Sandler decreased their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Barclays dropped their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Finally, Evercore ISI decreased their target price on 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. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America has a consensus rating of "Moderate Buy" and an average price target of $231.85.

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.