Yousif Capital Management LLC Decreases Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Yousif Capital Management LLC decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,821 shares of the insurance provider’s stock after selling 952 shares during the quarter. Yousif Capital Management LLC’s holdings in Reinsurance Group of America were worth $5,089,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. WCM Investment Management LLC lifted its position in Reinsurance Group of America by 1,208.5% in the third quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock worth $527,742,000 after buying an additional 2,260,605 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 worth $241,849,000 after acquiring an additional 18,162 shares during the last quarter. Stifel Financial Corp boosted its stake 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 worth $79,872,000 after purchasing an additional 27,931 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 valued at $79,512,000 after purchasing an additional 117,829 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in Reinsurance Group of America by 0.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 209,683 shares of the insurance provider’s stock worth $45,683,000 after purchasing an additional 649 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $230.04 on Friday. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of 21.12 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 52-week low of $165.38 and a 52-week high of $233.81. 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 $219.11 and its 200 day moving average is $217.39.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly 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 3.32% and a return on equity of 15.01%. On average, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.55%. Reinsurance Group of America’s payout ratio is 32.69%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Barclays decreased their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada boosted their price objective on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $228.31.

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.