Robeco Institutional Asset Management B.V. Reduces Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Robeco Institutional Asset Management B.V. reduced its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 16.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,474 shares of the insurance provider's stock after selling 11,636 shares during the period. Robeco Institutional Asset Management B.V. owned 0.09% of Reinsurance Group of America worth $11,317,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Alliancebernstein L.P. raised its holdings in Reinsurance Group of America by 389.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock worth $239,911,000 after purchasing an additional 893,537 shares in the last quarter. Norges Bank bought a new position in Reinsurance Group of America in the fourth quarter worth about $174,082,000. FMR LLC lifted its holdings in Reinsurance Group of America by 11.1% in the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after buying an additional 564,693 shares during the period. GAMMA Investing LLC boosted its position in Reinsurance Group of America by 54,931.6% during the 1st quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider's stock valued at $93,512,000 after acquiring an additional 474,060 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Reinsurance Group of America by 6,944.4% during the 4th quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock worth $60,963,000 after acquiring an additional 281,317 shares during the period. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA traded up $1.70 during midday trading on Thursday, reaching $197.79. 227,886 shares of the company's stock traded hands, compared to its average volume of 412,905. 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, Incorporated has a one year low of $159.25 and a one year high of $233.81. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 16.69 and a beta of 0.62. The stock has a 50 day moving average of $199.66 and a 200 day moving average of $201.67.

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, topping analysts' consensus estimates of $5.33 by $0.33. The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The business's revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the previous year, the business posted $6.02 earnings per share. As a group, equities research 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 company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $3.56 annualized dividend and a dividend yield of 1.80%. Reinsurance Group of America's payout ratio is 30.04%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Evercore ISI lowered their target price on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. UBS Group reiterated a "neutral" rating and issued a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Morgan Stanley set a $209.00 price target on Reinsurance Group of America and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.