Victory Capital Management Inc. Sells 26,762 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Victory Capital Management Inc. lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 38.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,537 shares of the insurance provider's stock after selling 26,762 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of Reinsurance Group of America worth $9,301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Eagle Asset Management Inc. boosted its position in Reinsurance Group of America by 15.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider's stock valued at $25,297,000 after buying an additional 15,289 shares during the period. Principal Financial Group Inc. raised its stake in shares of Reinsurance Group of America by 19.2% during the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider's stock valued at $38,895,000 after acquiring an additional 29,352 shares during the last quarter. Martin Capital Partners LLC purchased a new stake in shares of Reinsurance Group of America during the fourth quarter worth about $1,788,000. Nordea Investment Management AB grew its stake in shares of Reinsurance Group of America by 4.8% in the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider's stock worth $19,232,000 after purchasing an additional 4,119 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Reinsurance Group of America by 23.8% during the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock valued at $3,077,000 after purchasing an additional 2,768 shares during the period. Institutional investors own 95.11% of the company's stock.

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Reinsurance Group of America Stock Up 0.7 %

Reinsurance Group of America stock traded up $1.32 during mid-day trading on Monday, reaching $192.82. The stock had a trading volume of 371,589 shares, compared to its average volume of 378,036. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 17.95 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, Incorporated has a one year low of $77.21 and a one year high of $233.81. The company has a 50-day moving average price of $209.88 and a two-hundred day moving average price of $214.95.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. On average, analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is currently 33.15%.

Analyst Ratings Changes

A number of brokerages recently commented on RGA. JPMorgan Chase & Co. raised their price target 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. Piper Sandler cut their target price 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. Morgan Stanley decreased their price target 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. Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Finally, Barclays reduced their target price on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Reinsurance Group of America presently has an average rating of "Moderate Buy" and a consensus target price of $231.85.

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.