Franklin Resources Inc. Has $10.52 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Franklin Resources Inc. trimmed its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 36.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,249 shares of the insurance provider's stock after selling 28,267 shares during the quarter. Franklin Resources Inc. owned approximately 0.07% of Reinsurance Group of America worth $10,521,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Spire Wealth Management boosted its position in shares of Reinsurance Group of America by 39.0% in the fourth 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 period. SBI Securities Co. Ltd. acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at $44,000. Versant Capital Management Inc boosted its holdings 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 worth $62,000 after purchasing an additional 80 shares in the last quarter. Private Trust Co. NA increased its position 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 buying an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in Reinsurance Group of America during the fourth quarter valued at about $70,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Up 1.9 %

RGA stock traded up $3.35 during mid-day trading on Monday, hitting $181.49. 23,246 shares of the company were exchanged, compared to its average volume of 406,416. The firm has a market cap of $11.98 billion, a P/E ratio of 16.90 and a beta of 0.70. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The firm's 50 day simple moving average is $193.93 and its 200 day simple moving average is $210.49.

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Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data 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%. On average, sell-side 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 firm 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. This represents a $3.56 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

Analyst Upgrades and Downgrades

RGA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Wells Fargo & Company dropped their price target on shares of Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating for the company in a research report on Thursday. Morgan Stanley dropped 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. 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, Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $230.15.

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.