Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,477 shares of the insurance provider’s stock after selling 4,135 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.14% of Reinsurance Group of America worth $19,541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RGA. Armstrong Advisory Group Inc. bought a new stake in shares of Reinsurance Group of America in the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC acquired a new stake in Reinsurance Group of America in the third quarter worth $34,000. Private Trust Co. NA lifted its stake in Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after buying an additional 120 shares during the last quarter. Strengthening Families & Communities LLC acquired a new position in shares of Reinsurance Group of America during the third quarter valued at $36,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Reinsurance Group of America during the third quarter worth about $37,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RGA. JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Barclays cut their price target 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. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada lifted their target price on Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $228.31.

Reinsurance Group of America Trading Down 9.5 %

Shares of RGA stock opened at $208.71 on Monday. The stock has a 50-day simple moving average of $218.73 and a 200 day simple moving average of $217.41. The stock has a market capitalization of $13.75 billion, a P/E ratio of 19.43 and a beta of 0.93. Reinsurance Group of America, Incorporated has a fifty-two week low of $165.38 and a fifty-two week high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data 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 return on equity of 14.80% and a net margin of 3.24%. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 23.14 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.71%. Reinsurance Group of America’s dividend payout ratio is currently 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.