Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 83.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 16,300 shares of the insurance provider’s stock after selling 81,000 shares during the period. Handelsbanken Fonder AB’s holdings in Reinsurance Group of America were worth $3,209,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Reinsurance Group of America by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider’s stock valued at $1,541,121,000 after acquiring an additional 51,733 shares in the last quarter. FMR LLC boosted its holdings in shares of Reinsurance Group of America by 11.1% in the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider’s stock worth $1,205,042,000 after buying an additional 564,693 shares during the period. Alliancebernstein L.P. boosted its stake in Reinsurance Group of America by 389.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock worth $239,911,000 after purchasing an additional 893,537 shares during the period. Geode Capital Management LLC grew its holdings in shares of Reinsurance Group of America by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider’s stock valued at $238,031,000 after buying an additional 4,106 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Reinsurance Group of America by 34.4% during the 4th quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider’s stock valued at $201,802,000 after acquiring an additional 241,669 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Evercore ISI lowered their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and increased their price target for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $246.00 to $248.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Raymond James reiterated a “market perform” rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods upped their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $228.85.

Reinsurance Group of America Trading Down 1.1%

Shares of Reinsurance Group of America stock opened at $196.80 on Friday. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The company has a 50-day simple moving average of $195.50 and a 200 day simple moving average of $203.76. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $13.01 billion, a P/E ratio of 18.32 and a beta of 0.63.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The business had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the previous year, the business posted $6.02 earnings per share. The firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. Research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 30.04%.

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.