Arjuna Capital Decreases Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Arjuna Capital reduced its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,426 shares of the insurance provider’s stock after selling 571 shares during the period. Arjuna Capital’s holdings in Reinsurance Group of America were worth $3,082,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Private Trust Co. NA lifted its holdings in Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after buying an additional 120 shares during the period. Strengthening Families & Communities LLC bought a new position in shares of Reinsurance Group of America during the third quarter valued at approximately $36,000. Capital Performance Advisors LLP purchased a new stake in Reinsurance Group of America in the third quarter worth $37,000. Spire Wealth Management boosted its holdings in Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 57 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Reinsurance Group of America in the fourth quarter valued at $44,000. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Down 1.1 %

Reinsurance Group of America stock opened at $190.80 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $178.84 and a 12 month high of $233.81. The stock has a fifty day simple moving average of $212.57 and a two-hundred day simple moving average of $215.71. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 17.77 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data 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 return on equity of 14.55% and a net margin of 3.24%. Equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued 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 dividend yield of 1.87%. Reinsurance Group of America’s payout ratio is 33.15%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. 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 report on Monday, February 10th. Piper Sandler decreased their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Morgan Stanley decreased their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price target on 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. Three 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. Based on data from MarketBeat, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus price target of $229.62.

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.