Mitsubishi UFJ Trust & Banking Corp Sells 2,027 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 27.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,403 shares of the insurance provider’s stock after selling 2,027 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Reinsurance Group of America were worth $1,154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of RGA. EntryPoint Capital LLC purchased a new position in shares of Reinsurance Group of America in the fourth quarter valued at $237,000. Segall Bryant & Hamill LLC grew its holdings in Reinsurance Group of America by 0.7% during the 4th 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 in the last quarter. Vanguard Group Inc. increased its position in shares of Reinsurance Group of America by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider’s stock valued at $1,541,121,000 after buying an additional 51,733 shares during the period. LPL Financial LLC lifted its holdings in shares of Reinsurance Group of America by 234.7% in the fourth quarter. LPL Financial LLC now owns 108,229 shares of the insurance provider’s stock worth $23,121,000 after buying an additional 75,891 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Reinsurance Group of America in the fourth quarter valued at approximately $3,418,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

RGA has been the topic of several recent analyst reports. Piper Sandler lowered their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Evercore ISI decreased their target price on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Morgan Stanley cut their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $231.85.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $198.14 on Wednesday. The company has a 50-day simple moving average of $203.89 and a two-hundred day simple moving average of $213.33. 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 12-month low of $178.84 and a 12-month high of $233.81. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 18.45 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last released its 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%. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is 33.15%.

About Reinsurance Group of America

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.