Securian Asset Management Inc. Sells 142 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Securian Asset Management Inc. reduced its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,979 shares of the insurance provider’s stock after selling 142 shares during the quarter. Securian Asset Management Inc.’s holdings in Reinsurance Group of America were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA lifted its holdings in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 120 shares in the last quarter. Strengthening Families & Communities LLC bought a new position in Reinsurance Group of America in the third quarter valued at about $36,000. Spire Wealth Management lifted its holdings in Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 57 shares during the period. SBI Securities Co. Ltd. purchased a new position in Reinsurance Group of America in the fourth quarter worth about $44,000. Finally, Versant Capital Management Inc grew its stake in shares of Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 80 shares during the period. 95.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Barclays dropped their price objective on shares of 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. Royal Bank of Canada reissued an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Company boosted their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Finally, Piper Sandler decreased 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 note on Monday, February 10th. Three investment 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 company’s stock. According to data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and an average target price of $231.85.

Reinsurance Group of America Trading Up 3.2 %

Shares of Reinsurance Group of America stock opened at $191.98 on Friday. The company has a market capitalization of $12.68 billion, a P/E ratio of 17.88 and a beta of 0.91. 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 company has a fifty day moving average of $209.88 and a 200 day moving average of $214.96. Reinsurance Group of America, Incorporated has a fifty-two week low of $178.84 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

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