Reinsurance Group of America, Incorporated $RGA Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. trimmed its RGA stake by 1.9% in Q4, selling 136,000 shares and leaving it with 6,943,568 shares (about 10.57%) worth roughly $1.41 billion.
• Analysts remain cautiously positive with an average rating of "Moderate Buy" and an average price target of $246.71, as several firms (e.g., Barclays, Wells Fargo) raised targets while others issued holds or downgrades.
• RGA reported a strong quarter—EPS of $7.75 beat the $5.86 estimate and revenue rose 26.6% to $6.64 billion—and pays a quarterly dividend of $0.93 (annualized yield ~1.8%).

Vanguard Group Inc. lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,943,568 shares of the insurance provider's stock after selling 136,000 shares during the period. Vanguard Group Inc. owned approximately 10.57% of Reinsurance Group of America worth $1,412,738,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RGA. Resonant Capital Advisors LLC lifted its stake in shares of Reinsurance Group of America by 2.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 4,559 shares of the insurance provider's stock worth $928,000 after buying an additional 94 shares during the period. Diversified Enterprises LLC acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at $217,000. Chicago Partners Investment Group LLC increased its position in shares of Reinsurance Group of America by 69.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 2,649 shares of the insurance provider's stock valued at $517,000 after acquiring an additional 1,087 shares during the period. waypoint wealth counsel purchased a new position in Reinsurance Group of America in the 4th quarter worth $210,000. Finally, Teacher Retirement System of Texas raised its stake in Reinsurance Group of America by 3.8% in the 4th quarter. Teacher Retirement System of Texas now owns 48,272 shares of the insurance provider's stock worth $9,821,000 after acquiring an additional 1,759 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on RGA. Wall Street Zen downgraded Reinsurance Group of America from a "buy" rating to a "hold" rating in a research note on Saturday, April 11th. Barclays raised their price objective on Reinsurance Group of America from $245.00 to $256.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 8th. Morgan Stanley upped their target price on Reinsurance Group of America from $208.00 to $223.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 3rd. TD Cowen reiterated a "hold" rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Finally, Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $246.71.

Reinsurance Group of America Price Performance

Shares of RGA opened at $211.74 on Friday. The business's 50-day moving average is $208.13 and its two-hundred day moving average is $201.56. The company has a market capitalization of $13.87 billion, a P/E ratio of 11.93 and a beta of 0.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.14 and a current ratio of 0.14. Reinsurance Group of America, Incorporated has a fifty-two week low of $165.52 and a fifty-two week high of $229.21.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The business had revenue of $6.64 billion during the quarter, compared to analysts' expectations of $6.25 billion. During the same quarter in the previous year, the firm posted $4.99 EPS. The company's revenue for the quarter was up 26.6% on a year-over-year basis. Research analysts predict that Reinsurance Group of America, Incorporated will post 26.27 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.8%. Reinsurance Group of America's dividend payout ratio (DPR) is presently 20.96%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated NYSE: RGA is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company's offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA's product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.

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