Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 779,344 shares of the insurance provider's stock after selling 25,559 shares during the period. Sei Investments Co. owned about 1.18% of Reinsurance Group of America worth $166,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. WCM Investment Management LLC grew its position in shares of Reinsurance Group of America by 1.4% in the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock worth $526,911,000 after buying an additional 33,082 shares during the last quarter. Geode Capital Management LLC boosted its stake in Reinsurance Group of America by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider's stock valued at $241,849,000 after acquiring an additional 18,162 shares in the last quarter. Stifel Financial Corp grew its holdings in Reinsurance Group of America by 8.2% in the third quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider's stock worth $79,872,000 after purchasing an additional 27,931 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Reinsurance Group of America by 47.7% during the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider's stock worth $79,512,000 after purchasing an additional 117,829 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Reinsurance Group of America during the 4th quarter valued at $48,724,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RGA shares. Royal Bank of Canada restated an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Barclays dropped their price target on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company increased their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Morgan Stanley dropped their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price target 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. 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.85.

Reinsurance Group of America Stock Performance

RGA traded up $0.21 during midday trading on Wednesday, hitting $201.57. 287,024 shares of the company were exchanged, compared to its average volume of 381,902. The company's 50 day simple moving average is $206.37 and its 200 day simple moving average is $213.78. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 18.77 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46.

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 return on equity of 14.55% and a net margin of 3.24%. As a group, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend 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.