KBC Group NV Reduces Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

KBC Group NV cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 48.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,807 shares of the insurance provider’s stock after selling 2,605 shares during the period. KBC Group NV’s holdings in Reinsurance Group of America were worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Reinsurance Group of America by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider’s stock valued at $1,541,121,000 after purchasing an additional 51,733 shares in the last quarter. FMR LLC grew its position 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 purchasing an additional 564,693 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Reinsurance Group of America by 389.4% in the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock valued at $239,911,000 after purchasing an additional 893,537 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Reinsurance Group of America by 0.4% in the fourth 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. Finally, Invesco Ltd. grew its position in Reinsurance Group of America by 34.4% in the fourth quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider’s stock worth $201,802,000 after acquiring an additional 241,669 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Up 0.9%

Shares of NYSE RGA opened at $197.79 on Friday. The stock has a market cap of $13.07 billion, a P/E ratio of 16.69 and a beta of 0.62. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.50. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The business’s fifty day simple moving average is $199.99 and its 200-day simple moving average is $201.50.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.33. The business had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Reinsurance Group of America had a return on equity of 13.69% and a net margin of 3.77%. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period last year, the firm earned $6.02 earnings per share. As a group, equities analysts predict 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 was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America’s payout ratio is currently 30.04%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley set a $209.00 price objective on Reinsurance Group of America and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $246.00 to $248.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 6th. Evercore ISI lowered their price objective on 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. Keefe, Bruyette & Woods increased their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and an average price target of $228.85.

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.