Handelsbanken Fonder AB Lowers Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Handelsbanken Fonder AB trimmed its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 82.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,200 shares of the insurance provider’s stock after selling 331,000 shares during the period. Handelsbanken Fonder AB owned approximately 0.10% of Reinsurance Group of America worth $11,195,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RGA. Lindbrook Capital LLC grew its holdings in shares of Reinsurance Group of America by 129.9% in the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 87 shares during the last quarter. VisionPoint Advisory Group LLC raised its position in shares of Reinsurance Group of America by 116.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 114 shares during the last quarter. Toth Financial Advisory Corp raised its position in shares of Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 70 shares during the last quarter. Covestor Ltd raised its position in shares of Reinsurance Group of America by 532.8% in the 3rd quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 357 shares during the last quarter. Finally, Bruce G. Allen Investments LLC bought a new stake in Reinsurance Group of America in the 4th quarter worth about $72,000. 95.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RGA shares. UBS Group boosted their price target on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Evercore ISI boosted their price target on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Wells Fargo & Company upped their price objective on Reinsurance Group of America from $193.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods boosted their target price on Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $170.00 to $189.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus price target of $194.38.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the sale, the executive vice president now owns 13,625 shares of the company’s stock, valued at $2,341,183.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP William L. Hutton sold 1,588 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the completion of the transaction, the executive vice president now owns 13,625 shares of the company’s stock, valued at $2,341,183.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd C. Larson sold 2,966 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the sale, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,462 shares of company stock worth $1,162,239. 1.37% of the stock is owned by company insiders.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $190.04 on Wednesday. Reinsurance Group of America, Incorporated has a 12-month low of $133.13 and a 12-month high of $196.25. The stock has a market cap of $12.50 billion, a P/E ratio of 14.15 and a beta of 0.89. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $183.22 and a 200-day simple moving average of $168.63.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the business posted $2.99 earnings per share. Reinsurance Group of America’s quarterly revenue was up 14.9% on a year-over-year basis. Equities analysts expect that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were given a dividend of $0.85 per share. The ex-dividend date was Monday, February 12th. This represents a $3.40 annualized dividend and a yield of 1.79%. Reinsurance Group of America’s payout ratio is currently 25.32%.

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.