Sei Investments Co. Sells 25,559 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Sei Investments Co. lessened its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 779,344 shares of the insurance provider’s stock after selling 25,559 shares during the quarter. Sei Investments Co. owned 1.18% of Reinsurance Group of America worth $166,492,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new stake in Reinsurance Group of America in the third quarter valued at $242,000. Thrivent Financial for Lutherans lifted its position in Reinsurance Group of America by 8.1% during the third quarter. Thrivent Financial for Lutherans now owns 25,969 shares of the insurance provider’s stock worth $5,657,000 after acquiring an additional 1,936 shares during the last quarter. Pathstone Holdings LLC lifted its position in Reinsurance Group of America by 2.5% during the third quarter. Pathstone Holdings LLC now owns 25,052 shares of the insurance provider’s stock worth $5,458,000 after acquiring an additional 600 shares during the last quarter. Caprock Group LLC bought a new position in shares of Reinsurance Group of America during the third quarter worth approximately $238,000. Finally, First Horizon Advisors Inc. lifted its holdings in Reinsurance Group of America by 105.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 312 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target 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. Piper Sandler reduced their price target on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Barclays reduced their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Evercore ISI reduced their price target on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average target price of $231.85.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $191.53 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a 52 week low of $178.84 and a 52 week high of $233.81. The stock has a market capitalization of $12.65 billion, a P/E ratio of 17.83 and a beta of 0.91. The stock has a fifty day moving average of $207.05 and a 200-day moving average of $214.05.

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

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given 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 1.86%. Reinsurance Group of America’s dividend payout ratio is currently 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.