Brandywine Global Investment Management LLC Lowers Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Brandywine Global Investment Management LLC trimmed its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,388 shares of the insurance provider’s stock after selling 2,208 shares during the quarter. Brandywine Global Investment Management LLC owned 0.05% of Reinsurance Group of America worth $7,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RGA. Spire Wealth Management boosted its holdings in Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Reinsurance Group of America in the 4th quarter worth approximately $44,000. Versant Capital Management Inc grew its holdings in shares of Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 80 shares in the last quarter. Private Trust Co. NA increased its position in shares of Reinsurance Group of America by 99.4% during the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock valued at $66,000 after acquiring an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new stake in Reinsurance Group of America during the fourth quarter worth $70,000. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 0.5 %

RGA stock opened at $196.85 on Tuesday. Reinsurance Group of America, Incorporated has a one year low of $178.84 and a one year high of $233.81. The company has a market capitalization of $13.00 billion, a PE ratio of 18.33 and a beta of 0.91. The company’s 50 day moving average price is $204.41 and its two-hundred day moving average price is $213.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. As a group, analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.81%. Reinsurance Group of America’s payout ratio is 33.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RGA shares. Evercore ISI decreased their target price on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Morgan Stanley lowered their price objective on shares of 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. JPMorgan Chase & Co. increased their target price on shares of 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. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Piper Sandler reduced their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Three equities research 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 stock. According to data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average price target of $231.85.

About Reinsurance Group of America

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.