Prana Capital Management LP Has $33.38 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Prana Capital Management LP lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 156,243 shares of the insurance provider's stock after selling 28,267 shares during the period. Reinsurance Group of America makes up 1.6% of Prana Capital Management LP's portfolio, making the stock its 19th largest holding. Prana Capital Management LP owned 0.24% of Reinsurance Group of America worth $33,378,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in RGA. ProShare Advisors LLC raised its stake in Reinsurance Group of America by 48.3% in the 4th quarter. ProShare Advisors LLC now owns 4,259 shares of the insurance provider's stock worth $910,000 after purchasing an additional 1,388 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Reinsurance Group of America by 8.0% in the fourth quarter. Quantinno Capital Management LP now owns 22,124 shares of the insurance provider's stock valued at $4,726,000 after buying an additional 1,646 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at approximately $1,867,000. OMERS ADMINISTRATION Corp boosted its stake in shares of Reinsurance Group of America by 283.3% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 4,600 shares of the insurance provider's stock valued at $983,000 after buying an additional 3,400 shares during the period. Finally, NDVR Inc. grew its position in Reinsurance Group of America by 6.1% during the fourth quarter. NDVR Inc. now owns 1,470 shares of the insurance provider's stock worth $314,000 after buying an additional 84 shares in the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

RGA stock traded down $0.50 during midday trading on Tuesday, reaching $209.21. 310,139 shares of the stock were exchanged, compared to its average volume of 488,889. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The stock has a market capitalization of $13.83 billion, a PE ratio of 19.48 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 fifty day moving average price of $191.16 and a 200 day moving average price of $206.70.

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

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's payout ratio is currently 30.04%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RGA shares. Royal Bank of Canada reiterated an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Piper Sandler dropped their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Evercore ISI reduced their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Keefe, Bruyette & Woods boosted their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley raised their target price on Reinsurance Group of America from $195.00 to $209.00 and gave the company an "equal weight" rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $228.85.

Reinsurance Group of America Company 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.