Leeward Investments LLC MA Sells 2,676 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Leeward Investments LLC MA reduced its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,458 shares of the insurance provider’s stock after selling 2,676 shares during the period. Leeward Investments LLC MA owned 0.10% of Reinsurance Group of America worth $14,411,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RGA. Creative Planning boosted its holdings in shares of Reinsurance Group of America by 3.1% during the 3rd quarter. Creative Planning now owns 10,370 shares of the insurance provider’s stock worth $2,259,000 after buying an additional 314 shares during the period. Private Advisor Group LLC raised its stake in Reinsurance Group of America by 4.2% during the 3rd quarter. Private Advisor Group LLC now owns 4,169 shares of the insurance provider’s stock valued at $908,000 after purchasing an additional 169 shares during the last quarter. International Assets Investment Management LLC raised its stake in Reinsurance Group of America by 23,595.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,463 shares of the insurance provider’s stock valued at $7,073,000 after purchasing an additional 32,326 shares during the last quarter. Tectonic Advisors LLC raised its stake in Reinsurance Group of America by 3.0% during the 3rd quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider’s stock valued at $514,000 after purchasing an additional 69 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new position in Reinsurance Group of America during the 3rd quarter valued at $233,000. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Down 3.4 %

Shares of NYSE:RGA opened at $189.40 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $169.08 and a 12 month high of $233.81. The company’s 50-day moving average price is $214.91 and its two-hundred day moving average price is $216.26. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The firm has a market cap of $12.47 billion, a P/E ratio of 17.63 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. As a group, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

Analysts Set New Price Targets

Several research firms recently commented on RGA. Morgan Stanley cut their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Piper Sandler cut 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 note on Monday, February 10th. Barclays cut their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, 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 note on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $229.54.

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.