Wells Fargo & Company MN Cuts Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Wells Fargo & Company MN decreased its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,255 shares of the insurance provider's stock after selling 20,067 shares during the quarter. Wells Fargo & Company MN owned 0.29% of Reinsurance Group of America worth $40,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RGA. Thoroughbred Financial Services LLC raised its holdings in Reinsurance Group of America by 3.6% during the 4th quarter. Thoroughbred Financial Services LLC now owns 6,237 shares of the insurance provider's stock valued at $1,332,000 after buying an additional 215 shares during the period. ExodusPoint Capital Management LP raised its stake in shares of Reinsurance Group of America by 293.4% in the fourth quarter. ExodusPoint Capital Management LP now owns 47,288 shares of the insurance provider's stock valued at $10,102,000 after acquiring an additional 35,269 shares during the period. World Investment Advisors lifted its holdings in shares of Reinsurance Group of America by 10.0% in the 4th quarter. World Investment Advisors now owns 2,751 shares of the insurance provider's stock worth $588,000 after acquiring an additional 251 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in shares of Reinsurance Group of America by 16.6% during the 4th quarter. Nicolet Advisory Services LLC now owns 1,543 shares of the insurance provider's stock worth $333,000 after purchasing an additional 220 shares during the period. Finally, Huntington National Bank grew its holdings in Reinsurance Group of America by 11.8% during the 4th quarter. Huntington National Bank now owns 1,260 shares of the insurance provider's stock valued at $269,000 after purchasing an additional 133 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

RGA has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased their target price on Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. 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 report on Monday, February 10th. Wells Fargo & Company lowered their target price on Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Morgan Stanley cut their price target on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Finally, Evercore ISI dropped their target price on shares of 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. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $230.15.

Reinsurance Group of America Stock Performance

Shares of RGA traded up $1.81 during mid-day trading on Tuesday, reaching $182.92. The company had a trading volume of 113,617 shares, compared to its average volume of 406,758. The stock has a market capitalization of $12.09 billion, a P/E ratio of 17.03 and a beta of 0.70. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The stock has a 50 day moving average of $192.96 and a two-hundred day moving average of $210.25. The company has a quick ratio of 0.17, a current ratio of 0.15 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.95%. Reinsurance Group of America's dividend payout ratio is presently 33.15%.

Reinsurance Group of America Company 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.