Trillium Asset Management LLC Sells 1,659 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Trillium Asset Management LLC cut its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,161 shares of the insurance provider's stock after selling 1,659 shares during the quarter. Trillium Asset Management LLC owned about 0.05% of Reinsurance Group of America worth $7,725,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA increased its stake in Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after acquiring an additional 120 shares during the period. Spire Wealth Management grew its holdings in shares of 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 purchasing an additional 57 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Reinsurance Group of America during the fourth quarter valued at approximately $44,000. Versant Capital Management Inc raised its stake in shares of 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 in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Reinsurance Group of America by 105.3% in the third quarter. First Horizon Advisors Inc. now owns 312 shares of the insurance provider's stock worth $68,000 after purchasing an additional 160 shares during the period. 95.11% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RGA shares. Piper Sandler dropped 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. 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 report on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Wells Fargo & Company increased their target price on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Finally, Evercore ISI decreased their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Reinsurance Group of America presently has an average rating of "Moderate Buy" and an average target price of $231.85.

Reinsurance Group of America Price Performance

NYSE:RGA traded up $6.68 during mid-day trading on Monday, reaching $198.54. 428,776 shares of the company were exchanged, compared to its average volume of 381,627. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock has a market cap of $13.11 billion, a PE ratio of 18.49 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 12 month low of $178.84 and a 12 month high of $233.81. The company has a fifty day moving average of $207.05 and a 200 day moving average of $213.98.

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 net margin of 3.24% and a return on equity of 14.55%. On average, research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.79%. Reinsurance Group of America's payout ratio is currently 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.