American Century Companies Inc. Sells 108,288 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

American Century Companies Inc. decreased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 10.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 900,701 shares of the insurance provider’s stock after selling 108,288 shares during the period. American Century Companies Inc. owned approximately 1.37% of Reinsurance Group of America worth $192,417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Oppenheimer & Co. Inc. acquired a new position in shares of Reinsurance Group of America in the 3rd quarter valued at $242,000. Thrivent Financial for Lutherans grew its holdings in shares of Reinsurance Group of America by 8.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 25,969 shares of the insurance provider’s stock valued at $5,657,000 after buying an additional 1,936 shares during the period. Pathstone Holdings LLC grew its holdings in shares of Reinsurance Group of America by 2.5% in the 3rd quarter. Pathstone Holdings LLC now owns 25,052 shares of the insurance provider’s stock valued at $5,458,000 after buying an additional 600 shares during the period. Caprock Group LLC acquired a new position in shares of Reinsurance Group of America in the 3rd quarter valued at $238,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Reinsurance Group of America by 105.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 312 shares of the insurance provider’s stock valued at $68,000 after buying an additional 160 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 0.0 %

Shares of NYSE:RGA opened at $191.53 on Friday. The company’s 50-day moving average price is $207.05 and its two-hundred day moving average price is $214.02. 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, Incorporated has a one year low of $178.84 and a one year high of $233.81. The stock has a market capitalization of $12.65 billion, a PE ratio of 17.83 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last issued 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%. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.86%. Reinsurance Group of America’s payout ratio is 33.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RGA shares. Morgan Stanley decreased their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Barclays reduced their target price on shares of 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. JPMorgan Chase & Co. upped their target price on shares of 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, Evercore ISI reduced their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Three equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $231.85.

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.