FDx Advisors Inc. Sells 186 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

FDx Advisors Inc. lessened its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 14.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,095 shares of the insurance provider’s stock after selling 186 shares during the period. FDx Advisors Inc.’s holdings in Reinsurance Group of America were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its stake in shares of Reinsurance Group of America by 121.1% in the 4th quarter. Handelsbanken Fonder AB now owns 97,300 shares of the insurance provider’s stock worth $20,786,000 after buying an additional 53,300 shares during the last quarter. LMG Wealth Partners LLC lifted its holdings in Reinsurance Group of America by 12.3% in the fourth quarter. LMG Wealth Partners LLC now owns 7,278 shares of the insurance provider’s stock valued at $1,555,000 after acquiring an additional 799 shares during the period. Ieq Capital LLC boosted its position in Reinsurance Group of America by 291.9% in the fourth quarter. Ieq Capital LLC now owns 4,178 shares of the insurance provider’s stock worth $892,000 after purchasing an additional 3,112 shares during the last quarter. Freedom Day Solutions LLC bought a new stake in shares of Reinsurance Group of America during the 4th quarter valued at about $1,916,000. Finally, Global Retirement Partners LLC increased its position in shares of Reinsurance Group of America by 69.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,312 shares of the insurance provider’s stock valued at $280,000 after purchasing an additional 539 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RGA. 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 report on Monday, January 6th. 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 note on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company raised their target price on Reinsurance Group of America from $244.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $229.54.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $189.40 on Friday. The stock has a 50-day moving average price of $215.37 and a 200 day moving average price of $216.15. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 12-month low of $169.08 and a 12-month high of $233.81. The stock has a market capitalization of $12.47 billion, a P/E ratio of 17.63 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) 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%. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 22.88 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.88%. 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.