Reinsurance Group of America, Incorporated $RGA Stock Holdings Lessened by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 12.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 443,749 shares of the insurance provider’s stock after selling 62,761 shares during the period. Rockefeller Capital Management L.P.’s holdings in Reinsurance Group of America were worth $90,286,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Principal Securities Inc. lifted its holdings in Reinsurance Group of America by 3.6% in the fourth quarter. Principal Securities Inc. now owns 1,490 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 52 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of Reinsurance Group of America by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 4,281 shares of the insurance provider’s stock valued at $819,000 after purchasing an additional 54 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Reinsurance Group of America by 6.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 974 shares of the insurance provider’s stock valued at $198,000 after purchasing an additional 56 shares during the last quarter. Xponance Inc. raised its position in shares of Reinsurance Group of America by 0.8% during the 3rd quarter. Xponance Inc. now owns 7,637 shares of the insurance provider’s stock worth $1,467,000 after purchasing an additional 58 shares during the period. Finally, Covestor Ltd raised its position in shares of Reinsurance Group of America by 12.2% during the 4th quarter. Covestor Ltd now owns 533 shares of the insurance provider’s stock worth $108,000 after purchasing an additional 58 shares during the period. Institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

RGA has been the subject of a number of analyst reports. Evercore restated an “outperform” rating and set a $267.00 price objective on shares of Reinsurance Group of America in a research report on Monday, May 18th. Barclays increased their target price on Reinsurance Group of America from $256.00 to $268.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. UBS Group boosted their price target on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Wells Fargo & Company increased their price objective on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Finally, Morgan Stanley lifted their price objective on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $251.25.

Reinsurance Group of America Stock Down 0.0%

RGA opened at $210.49 on Friday. The stock’s 50 day moving average price is $208.47 and its 200 day moving average price is $206.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market cap of $13.79 billion, a P/E ratio of 11.40 and a beta of 0.47. Reinsurance Group of America, Incorporated has a 12 month low of $165.52 and a 12 month high of $229.21.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the previous year, the firm posted $5.66 EPS. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. As a group, research analysts predict that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a $0.93 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.72 annualized dividend and a yield of 1.8%. Reinsurance Group of America’s dividend payout ratio is presently 20.15%.

Insider Activity

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 7,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the transaction, the executive vice president owned 3,938 shares of the company’s stock, valued at approximately $829,264.04. This trade represents a 64.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John W. Hayden sold 414 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total transaction of $88,989.30. Following the sale, the executive vice president owned 20,949 shares in the company, valued at $4,502,987.55. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.