Great Lakes Advisors LLC Decreases Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Great Lakes Advisors LLC cut its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,912 shares of the insurance provider’s stock after selling 3,456 shares during the period. Great Lakes Advisors LLC’s holdings in Reinsurance Group of America were worth $16,217,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in RGA. Crossmark Global Holdings Inc. raised its stake in Reinsurance Group of America by 30.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,233 shares of the insurance provider’s stock valued at $1,140,000 after buying an additional 1,216 shares during the last quarter. Entropy Technologies LP raised its holdings in Reinsurance Group of America by 36.6% in the 3rd quarter. Entropy Technologies LP now owns 9,963 shares of the insurance provider’s stock worth $2,171,000 after purchasing an additional 2,669 shares during the period. MQS Management LLC bought a new position in Reinsurance Group of America in the 3rd quarter worth $496,000. Oppenheimer & Co. Inc. bought a new position in Reinsurance Group of America in the 3rd quarter worth $242,000. Finally, KBC Group NV raised its holdings in Reinsurance Group of America by 14.7% in the 3rd quarter. KBC Group NV now owns 1,705 shares of the insurance provider’s stock worth $371,000 after purchasing an additional 219 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on RGA. Morgan Stanley decreased their target price on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Wells Fargo & Company raised their target price on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Barclays decreased their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Piper Sandler decreased their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $229.62.

Reinsurance Group of America Trading Up 0.2 %

Shares of Reinsurance Group of America stock opened at $187.69 on Thursday. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 17.48 and a beta of 0.91. The business has a 50-day moving average price of $211.01 and a 200-day moving average price of $215.29. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a twelve month low of $178.84 and a twelve month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.90%. Reinsurance Group of America’s payout ratio is 33.15%.

Reinsurance Group of America 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.