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

Vaughan David Investments LLC IL lessened its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.8% in the 4th quarter, HoldingsChannel reports. The fund owned 242,034 shares of the insurance provider’s stock after selling 4,417 shares during the period. Reinsurance Group of America accounts for about 1.2% of Vaughan David Investments LLC IL’s portfolio, making the stock its 20th biggest holding. Vaughan David Investments LLC IL’s holdings in Reinsurance Group of America were worth $51,706,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RGA. WCM Investment Management LLC grew its position in Reinsurance Group of America by 1.4% during the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock worth $526,911,000 after purchasing an additional 33,082 shares during the last quarter. Geode Capital Management LLC grew its position 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 purchasing an additional 18,162 shares during the last quarter. Stifel Financial Corp grew its position 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 purchasing an additional 27,931 shares during the last quarter. JPMorgan Chase & Co. grew its position in Reinsurance Group of America by 47.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after purchasing an additional 117,829 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake 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 period. 95.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective 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. Morgan Stanley decreased their target price on 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. Barclays cut their target price 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. Royal Bank of Canada reissued an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, Piper Sandler lowered their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $229.54.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $199.43 on Tuesday. Reinsurance Group of America, Incorporated has a 1-year low of $171.84 and a 1-year high of $233.81. The stock has a fifty day simple moving average of $214.67 and a two-hundred day simple moving average of $216.38. 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 has a market cap of $13.13 billion, a price-to-earnings ratio of 18.57 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 33.15%.

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.