Earnest Partners LLC Decreases Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Earnest Partners LLC trimmed its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,537,231 shares of the insurance provider's stock after selling 43,058 shares during the period. Reinsurance Group of America makes up 2.4% of Earnest Partners LLC's investment portfolio, making the stock its largest holding. Earnest Partners LLC owned about 3.85% of Reinsurance Group of America worth $542,029,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aquatic Capital Management LLC boosted its position in Reinsurance Group of America by 75.9% during the fourth quarter. Aquatic Capital Management LLC now owns 13,720 shares of the insurance provider's stock worth $2,931,000 after purchasing an additional 5,920 shares during the period. Coldstream Capital Management Inc. raised its holdings in Reinsurance Group of America by 15.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 13,815 shares of the insurance provider's stock valued at $2,951,000 after buying an additional 1,862 shares during the last quarter. Hancock Whitney Corp boosted its position in Reinsurance Group of America by 72.8% during the 4th quarter. Hancock Whitney Corp now owns 80,231 shares of the insurance provider's stock valued at $17,140,000 after buying an additional 33,803 shares during the period. Voya Investment Management LLC grew its holdings in Reinsurance Group of America by 2.6% in the 4th quarter. Voya Investment Management LLC now owns 76,588 shares of the insurance provider's stock worth $16,361,000 after acquiring an additional 1,977 shares during the last quarter. Finally, Burling Wealth Partners LLC purchased a new position in shares of Reinsurance Group of America in the fourth quarter valued at about $1,388,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RGA shares. Morgan Stanley reduced 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 note on Friday, February 14th. Piper Sandler decreased their price objective on shares of 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. Evercore ISI cut their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Finally, UBS Group reiterated a "neutral" rating and set a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Three 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 data from MarketBeat, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and a consensus price target of $230.15.

Reinsurance Group of America Stock Up 6.3 %

Reinsurance Group of America stock traded up $11.76 during mid-day trading on Friday, reaching $198.70. The stock had a trading volume of 348,382 shares, compared to its average volume of 408,893. The company has a 50-day moving average price of $189.00 and a two-hundred day moving average price of $207.70. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 18.49 and a beta of 0.70. 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 debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. The business had revenue of $5.26 billion during 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 company's quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter last year, the company earned $6.02 EPS. On average, analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

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.