Globeflex Capital L P Decreases Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Globeflex Capital L P lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 29.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,022 shares of the insurance provider’s stock after selling 2,984 shares during the period. Globeflex Capital L P’s holdings in Reinsurance Group of America were worth $1,500,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. WCM Investment Management LLC grew its stake in shares of Reinsurance Group of America by 1.4% in the fourth quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock worth $526,911,000 after purchasing an additional 33,082 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Reinsurance Group of America by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock worth $241,849,000 after purchasing an additional 18,162 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Reinsurance Group of America by 8.2% in the third quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider’s stock worth $79,872,000 after purchasing an additional 27,931 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Reinsurance Group of America by 47.7% in the third 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 during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Reinsurance Group of America in the fourth quarter worth about $48,724,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of RGA opened at $191.98 on Friday. The firm has a market cap of $12.68 billion, a PE ratio of 17.88 and a beta of 0.91. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $209.88 and a two-hundred day simple moving average of $214.96. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last announced 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 anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders 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 dividend on an annualized basis and a yield of 1.85%. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

Analyst Upgrades and Downgrades

RGA has been the topic of several recent analyst reports. Barclays cut their target price on 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report 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 report on Tuesday, February 25th. Evercore ISI cut their price objective 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. Finally, Morgan Stanley cut 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 report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $231.85.

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.