Allworth Financial LP Reduces Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Allworth Financial LP lessened its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 14.2% in the 4th quarter, Holdings Channel reports. The fund owned 623 shares of the insurance provider’s stock after selling 103 shares during the quarter. Allworth Financial LP’s holdings in Reinsurance Group of America were worth $139,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. WCM Investment Management LLC boosted its holdings in 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 purchasing an additional 33,082 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Reinsurance Group of America by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock valued at $241,849,000 after purchasing an additional 18,162 shares during the last quarter. Stifel Financial Corp boosted its holdings in Reinsurance Group of America by 8.2% in the 3rd quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider’s stock valued at $79,872,000 after purchasing an additional 27,931 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in 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, Loomis Sayles & Co. L P lifted its holdings in shares of Reinsurance Group of America by 0.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 209,683 shares of the insurance provider’s stock worth $45,683,000 after acquiring an additional 649 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RGA shares. Wells Fargo & Company upped their price objective on shares of Reinsurance Group of America from $244.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Morgan Stanley decreased their price objective 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. JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Barclays dropped their price objective on shares of 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. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $229.54.

Reinsurance Group of America Stock Down 3.4 %

Shares of NYSE RGA opened at $189.40 on Monday. Reinsurance Group of America, Incorporated has a 12-month low of $169.08 and a 12-month high of $233.81. The company has a market capitalization of $12.47 billion, a PE ratio of 17.63 and a beta of 0.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The firm’s 50-day moving average is $214.91 and its two-hundred day moving average is $216.39.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.88%. 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.