HighTower Advisors LLC Sells 5,633 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

HighTower Advisors LLC decreased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 10.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 46,222 shares of the insurance provider’s stock after selling 5,633 shares during the quarter. HighTower Advisors LLC’s holdings in Reinsurance Group of America were worth $9,874,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. WCM Investment Management LLC raised its position in shares of Reinsurance Group of America by 1.4% in the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock valued at $526,911,000 after buying an additional 33,082 shares in the last quarter. Geode Capital Management LLC grew its holdings in Reinsurance Group of America by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock worth $241,849,000 after acquiring an additional 18,162 shares during the last quarter. Stifel Financial Corp grew its holdings in Reinsurance Group of America by 8.2% during the 3rd quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider’s stock worth $79,872,000 after acquiring an additional 27,931 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Reinsurance Group of America by 47.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock valued at $79,512,000 after purchasing an additional 117,829 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Reinsurance Group of America during the fourth quarter worth $48,724,000. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on RGA. JPMorgan Chase & Co. upped their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Piper Sandler decreased their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Royal Bank of Canada restated an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. 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 report on Friday, February 14th. Finally, Evercore ISI cut their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average target price of $231.85.

Reinsurance Group of America Trading Up 0.7 %

RGA stock opened at $192.82 on Tuesday. The company has a market capitalization of $12.73 billion, a PE ratio of 17.95 and a beta of 0.91. Reinsurance Group of America, Incorporated has a one year low of $178.84 and a one year high of $233.81. The company’s 50 day moving average price is $209.37 and its two-hundred day moving average price is $214.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate 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, analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

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.