Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC reduced its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 36,161 shares of the insurance provider’s stock after selling 1,659 shares during the quarter. Trillium Asset Management LLC’s holdings in Reinsurance Group of America were worth $7,725,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in RGA. Private Trust Co. NA raised its position in shares of Reinsurance Group of America by 333.3% during the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 120 shares in the last quarter. Spire Wealth Management increased its position in Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after buying an additional 57 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Reinsurance Group of America in the fourth quarter worth $44,000. Versant Capital Management Inc increased its position in Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after buying an additional 80 shares during the period. Finally, First Horizon Advisors Inc. increased its position in Reinsurance Group of America by 105.3% in the third quarter. First Horizon Advisors Inc. now owns 312 shares of the insurance provider’s stock worth $68,000 after buying an additional 160 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RGA shares. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Wells Fargo & Company raised their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Piper Sandler lowered their price target on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Finally, Morgan Stanley lowered their price target on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $231.85.

Reinsurance Group of America Trading Up 0.8 %

NYSE:RGA opened at $192.12 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 17.89 and a beta of 0.91. The stock has a fifty day simple moving average of $208.15 and a 200 day simple moving average of $214.41.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share 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%. Sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.85%. Reinsurance Group of America’s dividend payout ratio (DPR) is 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.