Envestnet Asset Management Inc. Sells 8,125 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Envestnet Asset Management Inc. lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 485,471 shares of the insurance provider's stock after selling 8,125 shares during the period. Envestnet Asset Management Inc. owned 0.73% of Reinsurance Group of America worth $95,589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RGA. Jones Financial Companies Lllp grew its stake in shares of Reinsurance Group of America by 600.0% in the fourth quarter. Jones Financial Companies Lllp now owns 700 shares of the insurance provider's stock worth $149,000 after acquiring an additional 600 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Reinsurance Group of America by 1,868.4% during the fourth quarter. Assetmark Inc. now owns 748 shares of the insurance provider's stock valued at $160,000 after acquiring an additional 710 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Reinsurance Group of America in the fourth quarter valued at about $8,671,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Reinsurance Group of America by 28.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,665 shares of the insurance provider's stock valued at $9,969,000 after buying an additional 10,206 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Reinsurance Group of America by 28.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,600 shares of the insurance provider's stock valued at $769,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

NYSE:RGA traded up $2.49 during trading hours on Monday, hitting $196.98. The company's stock had a trading volume of 259,744 shares, compared to its average volume of 413,336. The stock has a fifty day simple moving average of $200.46 and a 200-day simple moving average of $200.96. The company has a market capitalization of $13.02 billion, a P/E ratio of 16.62 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.16 and a quick ratio of 0.16. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month 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 EPS for the quarter, beating analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 13.69% and a net margin of 3.77%. The firm had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period last year, the firm posted $6.02 earnings per share. The business's revenue for the quarter was down 17.0% on a year-over-year basis. On average, analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.81%. Reinsurance Group of America's dividend payout ratio (DPR) is 30.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RGA. Wells Fargo & Company reiterated an "overweight" rating and issued a $249.00 price objective (up from $248.00) on shares of Reinsurance Group of America in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. UBS Group reiterated a "neutral" rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Finally, Morgan Stanley increased their price target on Reinsurance Group of America from $209.00 to $210.00 and gave the company an "equal weight" rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $245.00.

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.