AQR Capital Management LLC Sells 141,870 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

AQR Capital Management LLC reduced its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 27.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 370,585 shares of the insurance provider's stock after selling 141,870 shares during the quarter. AQR Capital Management LLC owned 0.56% of Reinsurance Group of America worth $79,168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of RGA. Spire Wealth Management increased its holdings in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after acquiring an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Reinsurance Group of America during the 4th quarter worth approximately $44,000. Versant Capital Management Inc grew its holdings in Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after buying an additional 80 shares in the last quarter. Private Trust Co. NA increased its position in Reinsurance Group of America by 99.4% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock worth $66,000 after buying an additional 155 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in shares of Reinsurance Group of America in the fourth quarter valued at about $70,000. Institutional investors own 95.11% of the company's stock.

Wall Street Analyst Weigh In

RGA has been the subject of a number of recent research reports. Evercore ISI cut their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Morgan Stanley cut their target price on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Piper Sandler dropped their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, Wells Fargo & Company lifted their price target on Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.31.

Reinsurance Group of America Trading Up 0.5 %

RGA traded up $0.93 during trading on Tuesday, hitting $197.12. The company's stock had a trading volume of 78,995 shares, compared to its average volume of 492,134. The firm has a market capitalization of $13.03 billion, a P/E ratio of 18.35 and a beta of 0.57. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock's fifty day moving average price is $188.91 and its 200-day moving average price is $207.27.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the firm earned $6.02 earnings per share. Reinsurance Group of America's revenue was down 17.0% on a year-over-year basis. Analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.81%. Reinsurance Group of America's payout ratio is currently 30.04%.

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.