Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 27.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,199 shares of the insurance provider's stock after selling 19,118 shares during the period. Teacher Retirement System of Texas owned 0.08% of Reinsurance Group of America worth $9,884,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Reinsurance Group of America by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock valued at $1,541,121,000 after acquiring an additional 51,733 shares during the last quarter. FMR LLC lifted its stake in Reinsurance Group of America by 11.1% during the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after purchasing an additional 564,693 shares in the last quarter. WCM Investment Management LLC lifted its stake in Reinsurance Group of America by 1.3% during the first quarter. WCM Investment Management LLC now owns 2,514,042 shares of the insurance provider's stock worth $492,400,000 after purchasing an additional 33,292 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Reinsurance Group of America by 389.4% during the fourth 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. Finally, Geode Capital Management LLC lifted its stake in Reinsurance Group of America by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock worth $238,031,000 after purchasing an additional 4,106 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RGA has been the topic of a number of research reports. Wells Fargo & Company upped their price target on Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Evercore ISI decreased their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. UBS Group restated a "neutral" rating and set a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Finally, Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Reinsurance Group of America currently has an average rating of "Moderate Buy" and an average price target of $228.85.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $197.79 on Friday. The firm has a market capitalization of $13.07 billion, a PE ratio of 16.69 and a beta of 0.62. The business's fifty day moving average price is $199.99 and its 200 day moving average price is $201.50. 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 12 month low of $159.25 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating the consensus estimate of $5.33 by $0.33. The firm had revenue of $5.26 billion for 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%. Reinsurance Group of America's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.02 earnings per share. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 30.04%.

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.

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