Junto Capital Management LP Sells 66,375 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Junto Capital Management LP lessened its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 439,256 shares of the insurance provider's stock after selling 66,375 shares during the quarter. Reinsurance Group of America accounts for approximately 1.8% of Junto Capital Management LP's holdings, making the stock its 18th biggest position. Junto Capital Management LP owned approximately 0.67% of Reinsurance Group of America worth $93,838,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RGA. Colonial Trust Co SC raised its position 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 raised its holdings in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Reinsurance Group of America during the fourth quarter valued at approximately $44,000. Private Trust Co. NA boosted its holdings in Reinsurance Group of America by 99.4% in 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 purchased a new stake in Reinsurance Group of America during the 4th quarter valued at $70,000. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA traded down $0.91 during trading on Wednesday, hitting $205.51. 26,454 shares of the company's stock were exchanged, compared to its average volume of 404,243. The business's 50-day simple moving average is $189.64 and its 200 day simple moving average is $206.91. The company has a market cap of $13.58 billion, a price-to-earnings ratio of 19.13 and a beta of 0.57. 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 debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping the consensus estimate of $5.33 by $0.33. The firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The company's quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.02 earnings per share. As a group, equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 annualized dividend and a dividend yield of 1.73%. Reinsurance Group of America's dividend payout ratio (DPR) is 30.04%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Wells Fargo & Company upped 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 research report on Tuesday, May 6th. Evercore ISI dropped their price objective on shares of 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. Morgan Stanley cut their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Finally, Piper Sandler decreased their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $230.69.

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.