Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Nuance Investments LLC

Nuance Investments LLC cut its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 33.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 166,353 shares of the insurance provider’s stock after selling 82,700 shares during the quarter. Reinsurance Group of America accounts for 1.4% of Nuance Investments LLC’s investment portfolio, making the stock its 21st biggest holding. Nuance Investments LLC owned approximately 0.25% of Reinsurance Group of America worth $35,538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. EntryPoint Capital LLC acquired a new stake in Reinsurance Group of America in the 4th quarter worth about $237,000. Segall Bryant & Hamill LLC increased its holdings in Reinsurance Group of America by 0.7% in the fourth quarter. Segall Bryant & Hamill LLC now owns 161,495 shares of the insurance provider’s stock valued at $34,500,000 after buying an additional 1,163 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Reinsurance Group of America by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider’s stock valued at $1,541,121,000 after acquiring an additional 51,733 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Reinsurance Group of America by 234.7% in the 4th quarter. LPL Financial LLC now owns 108,229 shares of the insurance provider’s stock worth $23,121,000 after purchasing an additional 75,891 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Reinsurance Group of America in the 4th quarter valued at about $3,418,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Up 1.7 %

Reinsurance Group of America stock opened at $201.74 on Wednesday. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average price is $206.37 and its two-hundred day moving average price is $213.78. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 18.78 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data 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 net margin of 3.24% and a return on equity of 14.55%. On average, equities research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.76%. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Morgan Stanley dropped their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Barclays dropped their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $231.85.

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.