Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,998 shares of the insurance provider's stock after selling 1,971 shares during the quarter. Thrivent Financial for Lutherans' holdings in Reinsurance Group of America were worth $5,174,000 at the end of the most recent quarter.

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

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Wall Street Analyst Weigh In

Several research firms have weighed in on RGA. Barclays dropped 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. Morgan Stanley cut their price objective 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. Evercore ISI lowered their target price on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Piper Sandler reduced their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Three 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $231.85.

Reinsurance Group of America Trading Down 0.0 %

RGA stock traded down $0.01 during midday trading on Thursday, reaching $201.61. 285,814 shares of the company's stock traded hands, compared to its average volume of 381,990. Reinsurance Group of America, Incorporated has a fifty-two week low of $178.84 and a fifty-two week high of $233.81. The business has a 50-day moving average price of $205.49 and a two-hundred day moving average price of $213.61. The company has a market capitalization of $13.31 billion, a P/E ratio of 18.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

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 earnings per share for the quarter, missing analysts' consensus estimates 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%. Equities research analysts forecast 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. Investors 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 dividend yield of 1.77%. Reinsurance Group of America's 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.