Ensign Peak Advisors Inc Sells 3,092 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Ensign Peak Advisors Inc trimmed its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377,901 shares of the insurance provider's stock after selling 3,092 shares during the quarter. Ensign Peak Advisors Inc owned about 0.57% of Reinsurance Group of America worth $80,731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RGA. Barclays PLC boosted its holdings in shares of Reinsurance Group of America by 5.5% during the third quarter. Barclays PLC now owns 102,790 shares of the insurance provider's stock worth $22,396,000 after purchasing an additional 5,398 shares during the period. Franklin Resources Inc. boosted its stake in shares of Reinsurance Group of America by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider's stock valued at $16,862,000 after purchasing an additional 5,699 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Reinsurance Group of America by 9.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,419 shares of the insurance provider's stock valued at $1,181,000 after purchasing an additional 447 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at $8,869,000. Finally, Park Avenue Securities LLC lifted its position in Reinsurance Group of America by 21.2% during the 4th quarter. Park Avenue Securities LLC now owns 15,744 shares of the insurance provider's stock worth $3,363,000 after buying an additional 2,759 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. 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 increased their target price on 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. JPMorgan Chase & Co. raised Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. 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 for the company in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $230.69.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded up $2.75 during mid-day trading on Monday, hitting $207.60. 442,785 shares of the company's stock traded hands, compared to its average volume of 405,409. The firm has a 50 day simple moving average of $189.37 and a two-hundred day simple moving average of $206.92. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 19.33 and a beta of 0.57. 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 posted its earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the firm earned $6.02 earnings per share. The company's revenue was down 17.0% on a year-over-year basis. On average, research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

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 paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 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.