Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 88.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,562 shares of the insurance provider's stock after selling 12,168 shares during the quarter. Cresset Asset Management LLC's holdings in Reinsurance Group of America were worth $334,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of Reinsurance Group of America by 19.2% during the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider's stock valued at $38,895,000 after acquiring an additional 29,352 shares in the last quarter. Martin Capital Partners LLC acquired a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $1,788,000. Pacer Advisors Inc. grew its stake in shares of Reinsurance Group of America by 23.8% during the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock valued at $3,077,000 after acquiring an additional 2,768 shares in the last quarter. Versor Investments LP grew its stake in shares of Reinsurance Group of America by 79.1% during the fourth quarter. Versor Investments LP now owns 11,256 shares of the insurance provider's stock valued at $2,405,000 after acquiring an additional 4,972 shares in the last quarter. Finally, Triasima Portfolio Management inc. acquired a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $489,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

RGA has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Morgan Stanley increased their price target on shares of Reinsurance Group of America from $195.00 to $209.00 and gave the stock an "equal weight" rating in a research report on Monday. Evercore ISI reduced their price target on shares of 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. Piper Sandler reduced their price target on shares of 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $228.85.

Reinsurance Group of America Price Performance

NYSE:RGA traded down $1.38 during midday trading on Tuesday, hitting $208.33. 500,174 shares of the stock were exchanged, compared to its average volume of 408,326. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of 19.40 and a beta of 0.57. The business has a 50-day moving average price of $191.16 and a two-hundred day moving average price of $206.70. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The firm had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter in the previous year, the company earned $6.02 earnings per share. The firm's quarterly revenue was down 17.0% compared to the same quarter last year. Sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.71%. Reinsurance Group of America's payout ratio is 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.