Rockefeller Capital Management L.P. Sells 360,506 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Rockefeller Capital Management L.P. lowered its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 27.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 956,186 shares of the insurance provider's stock after selling 360,506 shares during the period. Reinsurance Group of America makes up about 0.5% of Rockefeller Capital Management L.P.'s holdings, making the stock its 24th biggest position. Rockefeller Capital Management L.P. owned about 1.45% of Reinsurance Group of America worth $204,270,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Spire Wealth Management increased its holdings 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 purchasing an additional 57 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Reinsurance Group of America in the fourth quarter valued at approximately $44,000. Versant Capital Management Inc lifted its position in Reinsurance Group of America by 38.1% during 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 during the last quarter. Private Trust Co. NA grew its stake in Reinsurance Group of America by 99.4% in the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock worth $66,000 after buying an additional 155 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new position in shares of Reinsurance Group of America in the 4th quarter worth $70,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

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Reinsurance Group of America Trading Up 0.6 %

Shares of Reinsurance Group of America stock traded up $1.15 during trading on Tuesday, reaching $182.26. 378,434 shares of the stock were exchanged, compared to its average volume of 407,444. 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 firm has a market cap of $12.04 billion, a price-to-earnings ratio of 16.97 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 stock's fifty day moving average is $192.96 and its 200 day moving average is $210.25.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released 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 return on equity of 14.55% and a net margin of 3.24%. As a group, equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed 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 1.95%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's payout ratio is currently 33.15%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RGA. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Morgan Stanley decreased their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Barclays cut their target price 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, Piper Sandler decreased their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and a consensus target price 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.