Reinsurance Group of America, Incorporated (NYSE:RGA) Position Lessened by Man Group plc

Man Group plc reduced its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 11.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 123,965 shares of the insurance provider's stock after selling 16,078 shares during the quarter. Man Group plc owned about 0.19% of Reinsurance Group of America worth $26,483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Spire Wealth Management increased its holdings in shares of Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 57 shares during the period. Colonial Trust Co SC grew its position in shares of 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. Keybank National Association OH lifted its position in Reinsurance Group of America by 2.6% during the fourth quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock valued at $500,000 after acquiring an additional 59 shares during the last quarter. Inspire Investing LLC raised its position in shares of 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 valued at $3,039,000 after purchasing an additional 72 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its holdings in shares of Reinsurance Group of America by 2.4% during the fourth 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 during the period. 95.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RGA has been the topic of several recent analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Morgan Stanley increased their price objective on shares of Reinsurance Group of America from $195.00 to $209.00 and gave the company an "equal weight" rating in a report on Monday. 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 research note on Tuesday, May 6th. JPMorgan Chase & Co. raised Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.85.

Reinsurance Group of America Price Performance

Shares of RGA stock traded down $1.00 during mid-day trading on Wednesday, reaching $207.24. The stock had a trading volume of 78,998 shares, compared to its average volume of 407,377. 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 has a market cap of $13.70 billion, a P/E ratio of 19.31 and a beta of 0.57. The business has a 50-day simple moving average of $191.61 and a 200 day simple moving average of $206.71. 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 released 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 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%. The business's quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the firm 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 year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.72%. Reinsurance Group of America's dividend payout ratio is currently 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.