Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lowered its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 80.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,385 shares of the insurance provider’s stock after selling 5,565 shares during the period. Fox Run Management L.L.C.’s holdings in Reinsurance Group of America were worth $296,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. WCM Investment Management LLC raised its holdings in shares of Reinsurance Group of America by 1.4% during the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock valued at $526,911,000 after buying an additional 33,082 shares during the period. Geode Capital Management LLC grew its position in Reinsurance Group of America by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock valued at $241,849,000 after acquiring an additional 18,162 shares in the last quarter. Stifel Financial Corp grew its position in Reinsurance Group of America by 8.2% in the third quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider’s stock valued at $79,872,000 after acquiring an additional 27,931 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Reinsurance Group of America by 47.7% during the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after purchasing an additional 117,829 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Reinsurance Group of America in the fourth quarter valued at $48,724,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of RGA opened at $201.61 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The company has a market cap of $13.31 billion, a P/E ratio of 18.77 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 12 month low of $178.84 and a 12 month high of $233.81. The stock has a fifty day moving average price of $205.49 and a 200 day moving average price of $213.61.

Reinsurance Group of America (NYSE:RGA) last released 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, research analysts forecast 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. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.77%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

Analyst Ratings Changes

A number of equities analysts have weighed in on RGA shares. JPMorgan Chase & Co. upped 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. Royal Bank of Canada restated an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Morgan Stanley cut their target price on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Evercore ISI decreased their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Finally, 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. Three research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.