Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 125,183 shares of the insurance provider's stock after selling 2,637 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.19% of Reinsurance Group of America worth $26,743,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RGA. Vanguard Group Inc. lifted its position in shares of Reinsurance Group of America by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock worth $1,541,121,000 after purchasing an additional 51,733 shares in the last quarter. FMR LLC raised its stake in shares of Reinsurance Group of America by 11.1% in the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock valued at $1,205,042,000 after acquiring an additional 564,693 shares in the last quarter. WCM Investment Management LLC grew its stake in Reinsurance Group of America by 1.4% during the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock worth $526,911,000 after purchasing an additional 33,082 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Reinsurance Group of America by 389.4% during the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock worth $239,911,000 after purchasing an additional 893,537 shares during the period. Finally, Geode Capital Management LLC raised its position in Reinsurance Group of America by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock valued at $238,031,000 after purchasing an additional 4,106 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

NYSE RGA traded down $1.03 on Monday, reaching $196.73. The stock had a trading volume of 353,346 shares, compared to its average volume of 407,110. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The stock has a market cap of $13.00 billion, a P/E ratio of 18.32 and a beta of 0.70. The business's 50-day moving average price is $188.97 and its 200 day moving average price is $207.41. 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 issued its quarterly 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. The firm had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Reinsurance Group of America's quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.02 EPS. As a group, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current 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 given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. UBS Group restated a "neutral" rating and issued a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Evercore ISI cut their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $230.15.

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.