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

Nuveen Asset Management LLC lessened its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 12.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 379,407 shares of the insurance provider's stock after selling 55,905 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.58% of Reinsurance Group of America worth $81,053,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Reinsurance Group of America by 5.5% in the third quarter. Barclays PLC now owns 102,790 shares of the insurance provider's stock worth $22,396,000 after buying an additional 5,398 shares during the period. Assenagon Asset Management S.A. purchased a new position in Reinsurance Group of America during the 4th quarter valued at about $8,869,000. Avanza Fonder AB bought a new stake in Reinsurance Group of America during the fourth quarter valued at about $1,011,000. Integrated Investment Consultants LLC grew its position in shares of Reinsurance Group of America by 2.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider's stock worth $715,000 after buying an additional 77 shares during the last quarter. Finally, HB Wealth Management LLC raised its stake in shares of Reinsurance Group of America by 54.6% during the 4th quarter. HB Wealth Management LLC now owns 3,274 shares of the insurance provider's stock worth $700,000 after acquiring an additional 1,156 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded down $1.38 on Tuesday, hitting $208.33. 500,174 shares of the company were exchanged, compared to its average volume of 408,659. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $191.16 and a 200 day moving average price of $206.70. The stock has a market capitalization of $13.77 billion, a price-to-earnings ratio of 19.40 and a beta of 0.57. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the firm earned $6.02 EPS. The business's revenue was down 17.0% compared to the same quarter last year. As a group, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share 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. Stockholders 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 1.71%. The ex-dividend date is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 30.04%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group reaffirmed a "neutral" rating and issued a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Piper Sandler cut their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Evercore ISI cut 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. Morgan Stanley boosted their price target on Reinsurance Group of America from $195.00 to $209.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $228.85.

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.