Danske Bank A S Trims Holdings in Reinsurance Group of America, Incorporated $RGA

Key Points

• Danske Bank A S cut its stake in Reinsurance Group of America by 92.6% in Q4, selling 6,250 shares and retaining just 500 shares worth about $102,000.
• RGA posted strong quarterly results—EPS $7.75 versus a $5.86 estimate and revenue $6.64B (up 26.6% YoY)—and carries a consensus price target of $246.71 with an overall "Moderate Buy" analyst rating.
• Institutional ownership stands at 95.11%, with major managers like WCM, American Century, State Street, Dimensional and Sei increasing their positions in recent quarters.

Danske Bank A S lowered its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 92.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 500 shares of the insurance provider's stock after selling 6,250 shares during the quarter. Danske Bank A S's holdings in Reinsurance Group of America were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WCM Investment Management LLC increased its position in shares of Reinsurance Group of America by 3.6% in the 3rd quarter. WCM Investment Management LLC now owns 2,734,458 shares of the insurance provider's stock worth $519,356,000 after purchasing an additional 94,479 shares during the last quarter. American Century Companies Inc. raised its stake in Reinsurance Group of America by 15.9% during the third quarter. American Century Companies Inc. now owns 2,369,057 shares of the insurance provider's stock valued at $455,167,000 after buying an additional 324,239 shares in the last quarter. State Street Corp raised its stake in Reinsurance Group of America by 2.8% during the third quarter. State Street Corp now owns 2,346,447 shares of the insurance provider's stock valued at $450,823,000 after buying an additional 64,296 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Reinsurance Group of America by 4.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,098,564 shares of the insurance provider's stock worth $211,054,000 after buying an additional 49,323 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Reinsurance Group of America by 6.6% during the 3rd quarter. Sei Investments Co. now owns 840,884 shares of the insurance provider's stock worth $161,557,000 after buying an additional 51,931 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Up 0.8%

NYSE:RGA opened at $215.12 on Thursday. The firm has a market capitalization of $14.09 billion, a P/E ratio of 12.12 and a beta of 0.50. The business has a 50 day simple moving average of $207.88 and a 200 day simple moving average of $201.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.14 and a quick ratio of 0.14. Reinsurance Group of America, Incorporated has a 12-month low of $165.52 and a 12-month high of $229.21.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, topping the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The firm had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same period last year, the company earned $4.99 earnings per share. The firm's revenue for the quarter was up 26.6% on a year-over-year basis. Equities research analysts predict that Reinsurance Group of America, Incorporated will post 26.27 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RGA shares. UBS Group boosted their price target on Reinsurance Group of America from $216.00 to $220.00 and gave the company a "neutral" rating in a report on Thursday, April 9th. TD Cowen restated a "hold" rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Barclays lifted their price objective on shares of Reinsurance Group of America from $245.00 to $256.00 and gave the stock an "overweight" rating in a report on Wednesday, April 8th. Piper Sandler reissued an "overweight" rating and set a $263.00 target price on shares of Reinsurance Group of America in a report on Friday, February 6th. Finally, Morgan Stanley raised their price target on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 3rd. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Reinsurance Group of America has an average rating of "Moderate Buy" and a consensus price target of $246.71.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated NYSE: RGA is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company's offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA's product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.

Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.