Summit Global Investments Sells 1,498 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Summit Global Investments decreased its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,491 shares of the insurance provider's stock after selling 1,498 shares during the quarter. Summit Global Investments' holdings in Reinsurance Group of America were worth $3,523,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RGA. Private Trust Co. NA lifted its holdings in Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after acquiring an additional 120 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after purchasing an additional 57 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Reinsurance Group of America during the fourth quarter valued at approximately $44,000. Versant Capital Management Inc boosted its holdings 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 worth $62,000 after buying an additional 80 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in Reinsurance Group of America by 105.3% in the third quarter. First Horizon Advisors Inc. now owns 312 shares of the insurance provider's stock worth $68,000 after buying an additional 160 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RGA shares. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Morgan Stanley reduced their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Barclays decreased their target price on shares of 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. Finally, Piper Sandler reduced their target price on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $231.85.

Reinsurance Group of America Stock Up 0.1 %

Shares of NYSE RGA traded up $0.21 during trading hours on Wednesday, hitting $201.57. The stock had a trading volume of 287,024 shares, compared to its average volume of 381,425. The company has a market capitalization of $13.31 billion, a P/E ratio of 18.77 and a beta of 0.91. The firm's 50-day moving average price is $206.37 and its two-hundred day moving average price is $213.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a 52 week low of $178.84 and a 52 week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly 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%. Analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.77%. Reinsurance Group of America's dividend payout ratio (DPR) is currently 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.