Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,236 shares of the insurance provider’s stock after selling 6,106 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Reinsurance Group of America were worth $28,890,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RGA. Spire Wealth Management boosted its holdings in shares of Reinsurance Group of America by 39.0% in the 4th 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 last quarter. SBI Securities Co. Ltd. purchased a new stake in Reinsurance Group of America in the fourth quarter valued at $44,000. Versant Capital Management Inc grew its position in 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 worth $62,000 after purchasing an additional 80 shares during the period. Private Trust Co. NA lifted its holdings in shares of Reinsurance Group of America by 99.4% in the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock valued at $66,000 after buying an additional 155 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in shares of Reinsurance Group of America in the fourth quarter worth about $70,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Down 7.9 %

NYSE RGA opened at $172.27 on Monday. The business has a fifty day moving average price of $201.62 and a 200 day moving average price of $212.66. 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 market cap of $11.37 billion, a P/E ratio of 16.04 and a beta of 0.70. Reinsurance Group of America, Incorporated has a one year low of $150.00 and a one year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) 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%. Research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RGA shares. Royal Bank of Canada reissued an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and raised their price target for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Barclays decreased their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Evercore ISI dropped their target price on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Finally, Wells Fargo & Company upped their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Three investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $230.38.

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.