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

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

A number of other hedge funds have also recently modified their holdings of the business. Alpine Bank Wealth Management bought a new position in shares of Reinsurance Group of America in the first quarter worth about $28,000. Colonial Trust Co SC increased its holdings in Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after acquiring an additional 57 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Reinsurance Group of America by 164.3% during the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock worth $29,000 after acquiring an additional 92 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Reinsurance Group of America by 78.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 310 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 136 shares in the last quarter. Finally, Curat Global LLC bought a new position in shares of Reinsurance Group of America in the first quarter worth approximately $75,000. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

RGA stock traded down $2.46 during trading on Friday, hitting $194.19. 412,683 shares of the company's stock traded hands, compared to its average volume of 292,248. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 8.83 and a beta of 0.62. The business has a fifty day simple moving average of $200.53 and a 200 day simple moving average of $201.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.16.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping the consensus estimate of $5.33 by $0.33. The company 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 13.69% and a net margin of 3.77%. The firm's revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the business posted $6.02 earnings per share. As a group, research 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 business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a yield of 1.83%. Reinsurance Group of America's dividend payout ratio is presently 30.04%.

Analyst Ratings Changes

A number of research analysts recently weighed in on RGA shares. Wells Fargo & Company lifted their target price on shares of Reinsurance Group of America from $248.00 to $249.00 and gave the company an "overweight" rating in a research note on Thursday. UBS Group restated a "neutral" rating and issued a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Evercore ISI lowered their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. upped their price target on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Reinsurance Group of America has a consensus rating of "Moderate Buy" and a consensus price target of $244.92.

Reinsurance Group of America 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.