MassMutual Private Wealth & Trust FSB Trims Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

MassMutual Private Wealth & Trust FSB lowered its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 21.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,040 shares of the insurance provider’s stock after selling 819 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Reinsurance Group of America were worth $649,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Armstrong Advisory Group Inc. purchased a new stake in Reinsurance Group of America in the third quarter worth $25,000. Wolff Wiese Magana LLC bought a new position in Reinsurance Group of America in the 3rd quarter worth $34,000. Private Trust Co. NA lifted its position in shares of Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 120 shares during the period. Strengthening Families & Communities LLC bought a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at about $36,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Reinsurance Group of America during the third quarter valued at about $37,000. 95.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on RGA. Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Barclays reduced their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada upped their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average price target of $228.31.

Reinsurance Group of America Trading Up 0.6 %

NYSE:RGA opened at $224.32 on Wednesday. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of 20.60 and a beta of 0.94. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average price is $219.73 and its 200-day moving average price is $216.07. Reinsurance Group of America, Incorporated has a 52 week low of $163.81 and a 52 week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same period last year, the business posted $5.57 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts forecast that Reinsurance Group of America, Incorporated will post 21.4 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is currently 32.69%.

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.