Handelsbanken Fonder AB Cuts Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Handelsbanken Fonder AB decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 82.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,200 shares of the insurance provider's stock after selling 331,000 shares during the quarter. Handelsbanken Fonder AB owned 0.10% of Reinsurance Group of America worth $11,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RGA. Adage Capital Partners GP L.L.C. increased its stake in shares of Reinsurance Group of America by 966.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 320,000 shares of the insurance provider's stock valued at $46,461,000 after acquiring an additional 290,000 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Reinsurance Group of America by 33.5% during the third quarter. AQR Capital Management LLC now owns 709,359 shares of the insurance provider's stock valued at $102,992,000 after buying an additional 177,812 shares during the period. American Century Companies Inc. increased its position in shares of Reinsurance Group of America by 7.3% in the third quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider's stock worth $378,288,000 after purchasing an additional 177,299 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Reinsurance Group of America by 63.6% in the third quarter. Envestnet Asset Management Inc. now owns 347,114 shares of the insurance provider's stock worth $50,397,000 after purchasing an additional 134,997 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Reinsurance Group of America by 1.5% in the third quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider's stock worth $1,067,264,000 after purchasing an additional 110,877 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Insider Activity at Reinsurance Group of America

In other news, CFO Todd C. Larson sold 2,966 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the sale, the chief financial officer now directly owns 49,549 shares of the company's stock, valued at $9,061,521.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP William L. Hutton sold 1,908 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction of $346,950.72. Following the sale, the executive vice president now owns 13,363 shares in the company, valued at $2,429,927.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Todd C. Larson sold 2,966 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the sale, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The disclosure for this sale can be found here. Insiders sold a total of 6,462 shares of company stock valued at $1,162,239 over the last ninety days. Insiders own 1.37% of the company's stock.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA traded up $0.97 during midday trading on Wednesday, hitting $191.01. The company had a trading volume of 206,119 shares, compared to its average volume of 345,103. Reinsurance Group of America, Incorporated has a twelve month low of $133.13 and a twelve month high of $196.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 14.22 and a beta of 0.89. The business's 50-day simple moving average is $183.66 and its 200-day simple moving average is $168.79.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The company had revenue of $5.01 billion during the quarter, compared to analysts' expectations of $4.57 billion. During the same quarter last year, the firm earned $2.99 earnings per share. The firm's quarterly revenue was up 14.9% compared to the same quarter last year. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were paid a $0.85 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 annualized dividend and a yield of 1.78%. Reinsurance Group of America's dividend payout ratio is currently 25.32%.

Wall Street Analyst Weigh In

RGA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Reinsurance Group of America from $170.00 to $189.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 2nd. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $193.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. Morgan Stanley increased their price objective on Reinsurance Group of America from $178.00 to $185.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. UBS Group raised their target price on Reinsurance Group of America from $198.00 to $223.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Finally, Evercore ISI lifted their price objective on Reinsurance Group of America from $200.00 to $215.00 and gave the company an "outperform" rating in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $194.38.

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.