Nuveen Asset Management LLC Sells 55,905 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Nuveen Asset Management LLC lessened its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 379,407 shares of the insurance provider's stock after selling 55,905 shares during the quarter. Nuveen Asset Management LLC owned 0.58% of Reinsurance Group of America worth $81,053,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp raised its stake in shares of Reinsurance Group of America by 283.3% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 4,600 shares of the insurance provider's stock valued at $983,000 after purchasing an additional 3,400 shares during the period. NDVR Inc. raised its stake in shares of Reinsurance Group of America by 6.1% in the 4th quarter. NDVR Inc. now owns 1,470 shares of the insurance provider's stock valued at $314,000 after purchasing an additional 84 shares during the period. Lazard Asset Management LLC raised its stake in shares of Reinsurance Group of America by 8.6% in the 4th quarter. Lazard Asset Management LLC now owns 105,171 shares of the insurance provider's stock valued at $22,466,000 after purchasing an additional 8,365 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Reinsurance Group of America by 1.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 652,642 shares of the insurance provider's stock valued at $139,424,000 after purchasing an additional 8,161 shares during the period. Finally, Jefferies Financial Group Inc. raised its stake in shares of Reinsurance Group of America by 54.2% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,250 shares of the insurance provider's stock valued at $1,122,000 after purchasing an additional 1,845 shares during the period. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded down $3.00 during midday trading on Friday, reaching $199.89. 373,744 shares of the company's stock were exchanged, compared to its average volume of 409,407. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. 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 has a market cap of $13.21 billion, a price-to-earnings ratio of 18.61 and a beta of 0.57. The stock's 50-day simple moving average is $192.23 and its 200 day simple moving average is $206.54.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly 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. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The business had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter last year, the company posted $6.02 earnings per share. Reinsurance Group of America's quarterly revenue was down 17.0% on a year-over-year basis. On average, analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

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 issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's payout ratio is currently 30.04%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Piper Sandler dropped their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. 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, May 6th. Keefe, Bruyette & Woods lifted their price target 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, Evercore ISI lowered their target price on 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. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Reinsurance Group of America currently has an average rating of "Moderate Buy" and an average price target of $228.85.

About Reinsurance Group of America

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.