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

Cresset Asset Management LLC trimmed its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 88.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,562 shares of the insurance provider's stock after selling 12,168 shares during the period. Cresset Asset Management LLC's holdings in Reinsurance Group of America were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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. acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at about $44,000. 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. Kestra Investment Management LLC acquired a new stake in Reinsurance Group of America during the fourth quarter worth about $70,000. Finally, Brown Brothers Harriman & Co. raised its position in Reinsurance Group of America by 265.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 395 shares of the insurance provider's stock valued at $84,000 after acquiring an additional 287 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Analysts Set New Price Targets

RGA has been the topic of several analyst reports. Royal Bank of Canada restated 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. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Morgan Stanley boosted their target price on shares of Reinsurance Group of America from $195.00 to $209.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, Piper Sandler reduced their target price on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a report on Monday, February 10th. 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $228.85.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded down $0.24 during trading hours on Thursday, reaching $203.51. 34,892 shares of the stock were exchanged, compared to its average volume of 407,545. The stock has a market cap of $13.45 billion, a P/E ratio of 18.93 and a beta of 0.57. 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 firm's 50 day moving average is $191.85 and its 200 day moving average is $206.69. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81.

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

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) 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.