Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. cut its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,000 shares of the insurance provider’s stock after selling 2,930 shares during the quarter. Sit Investment Associates Inc. owned 0.07% of Reinsurance Group of America worth $10,468,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Spire Wealth Management raised its position 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 acquiring an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Reinsurance Group of America during the 4th quarter worth $44,000. Versant Capital Management Inc raised its holdings in 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 buying an additional 80 shares during the period. Private Trust Co. NA boosted its position in Reinsurance Group of America by 99.4% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock worth $66,000 after purchasing an additional 155 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at about $70,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $172.27 on Friday. Reinsurance Group of America, Incorporated has a twelve month low of $170.19 and a twelve month high of $233.81. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 16.04 and a beta of 0.70. The firm has a 50-day moving average of $201.62 and a two-hundred day moving average of $212.70. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate 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%. As a group, analysts expect 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 33.15%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RGA shares. Evercore ISI lowered their price objective on 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. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $232.00 to $237.00 in a research note on Wednesday. Piper Sandler dropped their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. UBS Group reissued a “neutral” rating and issued a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a research note 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $230.38.

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.