Guggenheim Capital LLC Sells 2,491 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Guggenheim Capital LLC reduced its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 69.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,108 shares of the insurance provider's stock after selling 2,491 shares during the quarter. Guggenheim Capital LLC's holdings in Reinsurance Group of America were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Spire Wealth Management lifted its stake in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after buying an additional 57 shares in the last quarter. Keybank National Association OH lifted its stake in Reinsurance Group of America by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock worth $500,000 after purchasing an additional 59 shares in the last quarter. Inspire Investing LLC lifted its stake in Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock worth $3,039,000 after purchasing an additional 72 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in Reinsurance Group of America by 2.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider's stock worth $715,000 after purchasing an additional 77 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after purchasing an additional 80 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on RGA. Keefe, Bruyette & Woods lowered their target price on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Piper Sandler lowered their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. UBS Group restated a "neutral" rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Finally, Morgan Stanley lowered their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $230.15.

Reinsurance Group of America Trading Down 0.0 %

NYSE RGA traded down $0.08 on Thursday, hitting $187.23. The company's stock had a trading volume of 701,028 shares, compared to its average volume of 409,445. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The company's 50-day simple moving average is $189.25 and its 200 day simple moving average is $207.91. The firm has a market cap of $12.37 billion, a P/E ratio of 17.43 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating analysts' consensus estimates of $5.48 by $0.18. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

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.