FDx Advisors Inc. Reduces Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

FDx Advisors Inc. cut its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,095 shares of the insurance provider’s stock after selling 186 shares during the period. FDx Advisors Inc.’s holdings in Reinsurance Group of America were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RGA. Private Trust Co. NA boosted its holdings 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 acquiring an additional 120 shares in the last quarter. Strengthening Families & Communities LLC purchased a new stake in shares of Reinsurance Group of America in the 3rd quarter worth about $36,000. Capital Performance Advisors LLP bought a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at about $37,000. Spire Wealth Management increased its position in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after buying an additional 57 shares during the period. Finally, Versant Capital Management Inc raised its stake in Reinsurance Group of America by 38.1% in 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. Institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays cut their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Piper Sandler dropped their price target 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. JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $244.00 to $263.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.54.

Reinsurance Group of America Stock Down 3.4 %

Shares of Reinsurance Group of America stock opened at $189.40 on Friday. The company has a 50-day simple moving average of $215.37 and a two-hundred day simple moving average of $216.15. Reinsurance Group of America, Incorporated has a 52-week low of $169.08 and a 52-week high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The stock has a market capitalization of $12.47 billion, a PE ratio of 17.63 and a beta of 0.93.

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 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%. On average, analysts anticipate that Reinsurance Group of America, Incorporated will post 22.88 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.89 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.88%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 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.