Candriam S.C.A. Sells 17,364 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Candriam S.C.A. cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,965 shares of the insurance provider's stock after selling 17,364 shares during the quarter. Candriam S.C.A. owned about 0.07% of Reinsurance Group of America worth $10,247,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Spire Wealth Management increased its position in shares of Reinsurance Group of America by 39.0% during the fourth 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. Keybank National Association OH increased its holdings in Reinsurance Group of America by 2.6% during the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock worth $500,000 after acquiring an additional 59 shares during the period. Baron Wealth Management LLC lifted its stake in 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 worth $324,000 after purchasing an additional 64 shares in the last quarter. Mount Lucas Management LP boosted its holdings in 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 purchasing an additional 72 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Reinsurance Group of America by 0.5% during the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock valued at $3,039,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Morgan Stanley dropped their price target on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Barclays cut their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. raised their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, Piper Sandler cut their price target 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. Three equities research 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $229.62.

Reinsurance Group of America Trading Up 0.9 %

Shares of NYSE RGA traded up $1.62 during midday trading on Tuesday, reaching $187.69. The company had a trading volume of 792,979 shares, compared to its average volume of 539,506. The stock has a market cap of $12.39 billion, a PE ratio of 17.48 and a beta of 0.91. Reinsurance Group of America, Incorporated has a one year low of $178.84 and a one year high of $233.81. The firm's fifty day moving average price is $212.04 and its 200-day moving average price is $215.65. 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 announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share 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, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was 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.