Rockefeller Capital Management L.P. Reduces Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Rockefeller Capital Management L.P. lessened its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,316,692 shares of the insurance provider's stock after selling 56,558 shares during the quarter. Reinsurance Group of America comprises 0.8% of Rockefeller Capital Management L.P.'s holdings, making the stock its 17th largest position. Rockefeller Capital Management L.P. owned 2.00% of Reinsurance Group of America worth $286,868,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Northwest & Ethical Investments L.P. lifted its holdings in Reinsurance Group of America by 16.6% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 31,730 shares of the insurance provider's stock valued at $6,913,000 after purchasing an additional 4,510 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Reinsurance Group of America by 73.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,459 shares of the insurance provider's stock worth $7,943,000 after acquiring an additional 15,489 shares during the last quarter. Bridgewater Associates LP grew its stake in Reinsurance Group of America by 51.5% during the 3rd quarter. Bridgewater Associates LP now owns 30,638 shares of the insurance provider's stock valued at $6,675,000 after acquiring an additional 10,411 shares in the last quarter. Townsquare Capital LLC raised its holdings in Reinsurance Group of America by 17.3% in the 3rd quarter. Townsquare Capital LLC now owns 1,813 shares of the insurance provider's stock valued at $395,000 after acquiring an additional 267 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Reinsurance Group of America by 146.2% in the 3rd quarter. Bank of Montreal Can now owns 77,409 shares of the insurance provider's stock worth $16,690,000 after purchasing an additional 45,972 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Down 0.5 %

Shares of RGA traded down $1.06 during mid-day trading on Friday, hitting $228.40. 227,007 shares of the company's stock were exchanged, compared to its average volume of 354,945. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $15.04 billion, a price-to-earnings ratio of 21.07 and a beta of 0.92. The stock's 50-day moving average is $220.07 and its 200-day moving average is $213.53. Reinsurance Group of America, Incorporated has a fifty-two week low of $157.48 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The company had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.29 billion. During the same quarter last year, the company posted $5.57 EPS. The firm's revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 21.93 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.89 per share. The ex-dividend date was Friday, November 8th. This represents a $3.56 annualized dividend and a yield of 1.56%. Reinsurance Group of America's dividend payout ratio (DPR) is 32.69%.

Insider Buying and Selling at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the sale, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. This represents a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on RGA. Morgan Stanley cut their price target on Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating for the company in a report on Monday, August 19th. Keefe, Bruyette & Woods raised Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, October 3rd. Raymond James lifted their price target on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a report on Tuesday, September 24th. Wells Fargo & Company upped their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada lifted their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Three 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $227.77.

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.