Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 24.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,923 shares of the insurance provider's stock after selling 48,001 shares during the quarter. Wellington Management Group LLP owned about 0.23% of Reinsurance Group of America worth $32,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Colonial Trust Co SC boosted its stake 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 buying an additional 57 shares during the last quarter. Spire Wealth Management boosted its position in shares of Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after acquiring an additional 57 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Reinsurance Group of America in the fourth quarter valued at approximately $44,000. Private Trust Co. NA increased its position in Reinsurance Group of America by 99.4% during the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock worth $66,000 after purchasing an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Reinsurance Group of America during the fourth quarter worth approximately $70,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Up 0.2%

Shares of NYSE:RGA traded up $0.49 during trading on Monday, hitting $203.78. The company's stock had a trading volume of 389,529 shares, compared to its average volume of 410,114. The company has a market capitalization of $13.47 billion, a PE ratio of 18.97 and a beta of 0.57. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The stock's 50-day moving average price is $192.98 and its two-hundred day moving average price is $205.39.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 14.55% and a net margin of 3.24%. Reinsurance Group of America's quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $6.02 earnings per share. As a group, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a $0.89 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a yield of 1.75%. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Analyst Ratings Changes

A number of analysts have recently commented on RGA shares. Piper Sandler dropped their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Evercore ISI cut their price objective 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. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $228.85.

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.