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

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 27.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,403 shares of the insurance provider’s stock after selling 2,027 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Reinsurance Group of America were worth $1,154,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Reinsurance Group of America by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider’s stock valued at $1,541,121,000 after purchasing an additional 51,733 shares in the last quarter. WCM Investment Management LLC grew its position in shares of Reinsurance Group of America by 1.4% during the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock worth $526,911,000 after buying an additional 33,082 shares during the period. Geode Capital Management LLC increased its stake in shares of Reinsurance Group of America by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock valued at $241,849,000 after acquiring an additional 18,162 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Reinsurance Group of America by 8.2% during the 3rd quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider’s stock valued at $79,872,000 after acquiring an additional 27,931 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Reinsurance Group of America by 47.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after purchasing an additional 117,829 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Evercore ISI lowered 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 report on Thursday, March 13th. Morgan Stanley lowered their price objective on shares of 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. Barclays dropped their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Finally, Piper Sandler dropped their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned 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 price target of $231.85.

Reinsurance Group of America Stock Up 0.6 %

Shares of NYSE:RGA opened at $198.14 on Wednesday. Reinsurance Group of America, Incorporated has a 1 year low of $178.84 and a 1 year high of $233.81. The company has a market capitalization of $13.08 billion, a PE ratio of 18.45 and a beta of 0.91. The business has a fifty day moving average price of $203.89 and a two-hundred day moving average price of $213.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate 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%. Analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

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