New York State Teachers Retirement System Trims Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

New York State Teachers Retirement System lessened its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 5.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 80,831 shares of the insurance provider's stock after selling 4,600 shares during the quarter. New York State Teachers Retirement System owned 0.12% of Reinsurance Group of America worth $17,268,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Resonant Capital Advisors LLC boosted its stake in shares of Reinsurance Group of America by 1.2% in the 3rd quarter. Resonant Capital Advisors LLC now owns 4,368 shares of the insurance provider's stock valued at $952,000 after buying an additional 53 shares during the period. Spire Wealth Management boosted 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 buying an additional 57 shares during the period. Baron Wealth Management LLC boosted its stake in shares of Reinsurance Group of America by 4.5% in the 3rd quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider's stock valued at $324,000 after buying an additional 64 shares during the period. Tectonic Advisors LLC boosted its stake in shares of Reinsurance Group of America by 3.0% in the 3rd quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider's stock valued at $514,000 after buying an additional 69 shares during the period. Finally, Mount Lucas Management LP boosted its stake in shares of Reinsurance Group of America by 2.9% in the 3rd quarter. Mount Lucas Management LP now owns 2,592 shares of the insurance provider's stock valued at $565,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock traded down $3.27 during trading hours on Thursday, hitting $195.96. 643,402 shares of the company were exchanged, compared to its average volume of 540,469. Reinsurance Group of America, Incorporated has a 1 year low of $168.51 and a 1 year 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 business has a 50-day moving average of $215.68 and a 200-day moving average of $216.29. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 18.25 and a beta of 0.93.

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 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, analysts expect that Reinsurance Group of America, Incorporated will post 22.88 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

Wall Street Analysts Forecast Growth

RGA has been the subject of several recent analyst reports. 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 note on Monday, February 10th. 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. Piper Sandler decreased their target price on 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. Wells Fargo & Company boosted their target price on Reinsurance Group of America from $244.00 to $263.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Morgan Stanley cut their price target on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Reinsurance Group of America presently has an average rating of "Moderate Buy" and a consensus target price of $229.54.

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.