Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,477 shares of the insurance provider's stock after selling 4,135 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.14% of Reinsurance Group of America worth $19,541,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of Reinsurance Group of America during the second quarter worth about $210,000. GAMMA Investing LLC lifted its stake in shares of Reinsurance Group of America by 8.9% during the third quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider's stock worth $133,000 after purchasing an additional 50 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Reinsurance Group of America during the third quarter worth about $235,000. CWM LLC lifted its stake in shares of Reinsurance Group of America by 65.1% during the third quarter. CWM LLC now owns 2,244 shares of the insurance provider's stock worth $489,000 after purchasing an additional 885 shares in the last quarter. Finally, Armstrong Advisory Group Inc. acquired a new position in shares of Reinsurance Group of America during the third quarter worth about $25,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RGA shares. StockNews.com upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a research note on Thursday, October 17th. Piper Sandler reduced their price objective 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. Barclays dropped their target price on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America presently has an average rating of "Moderate Buy" and a consensus target price of $228.31.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA traded up $5.83 during trading on Thursday, hitting $204.89. 977,213 shares of the company traded hands, compared to its average volume of 524,290. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 19.08 and a beta of 0.93. The business's fifty day moving average is $217.14 and its 200-day moving average is $216.97. Reinsurance Group of America, Incorporated has a one year low of $166.21 and a one year high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its 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 14.80%. As a group, equities analysts predict that Reinsurance Group of America, Incorporated will post 23.14 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

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.