Vaughan Nelson Investment Management L.P. Has $19.54 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Vaughan Nelson Investment Management L.P. lessened its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.3% in the 4th quarter, Holdings Channel reports. The fund owned 91,477 shares of the insurance provider’s stock after selling 4,135 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Reinsurance Group of America were worth $19,541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGA. Marshall Wace LLP purchased a new stake in shares of Reinsurance Group of America in the second quarter valued at $210,000. GAMMA Investing LLC raised its position in Reinsurance Group of America by 8.9% during the third quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider’s stock valued at $133,000 after buying an additional 50 shares during the period. Atomi Financial Group Inc. purchased a new stake in Reinsurance Group of America in the 3rd quarter worth about $235,000. CWM LLC boosted its position in Reinsurance Group of America by 65.1% during the 3rd quarter. CWM LLC now owns 2,244 shares of the insurance provider’s stock worth $489,000 after acquiring an additional 885 shares during the period. Finally, Armstrong Advisory Group Inc. purchased a new position in Reinsurance Group of America during the 3rd quarter valued at about $25,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 9.5 %

NYSE:RGA opened at $208.71 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $218.73 and its 200-day moving average is $217.41. The firm has a market cap of $13.75 billion, a price-to-earnings ratio of 19.43 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 12 month low of $165.38 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released 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 return on equity of 14.80% and a net margin of 3.24%. Equities analysts anticipate that Reinsurance Group of America, Incorporated will post 23.14 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.71%. Reinsurance Group of America’s payout ratio is 33.15%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada increased their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays cut their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $228.31.

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.