Cerity Partners LLC Lowers Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Cerity Partners LLC decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 28.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,398 shares of the insurance provider’s stock after selling 10,274 shares during the quarter. Cerity Partners LLC’s holdings in Reinsurance Group of America were worth $5,708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its position in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 57 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Reinsurance Group of America in the 4th quarter valued at approximately $44,000. Versant Capital Management Inc raised its stake 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 valued at $62,000 after buying an additional 80 shares in the last quarter. Private Trust Co. NA raised its position in shares of Reinsurance Group of America by 99.4% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock worth $66,000 after acquiring an additional 155 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in Reinsurance Group of America during the fourth quarter worth approximately $70,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

RGA opened at $177.76 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The company’s 50 day simple moving average is $193.93 and its 200-day simple moving average is $210.55. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The stock has a market capitalization of $11.74 billion, a P/E ratio of 16.55 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA) last released its earnings results 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%. Sell-side analysts anticipate 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 declared 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 2.00%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Analyst Ratings Changes

Several analysts have commented on the company. Barclays reduced their price objective 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. Keefe, Bruyette & Woods reduced their price objective on shares of Reinsurance Group of America from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and upped their price target for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Finally, Morgan Stanley decreased their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.15.

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.