Savant Capital LLC Sells 271 Shares of Reinsurance Group of America, Incorporated $RGA

Savant Capital LLC trimmed its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.3% in the second quarter, HoldingsChannel reports. The firm owned 11,725 shares of the insurance provider’s stock after selling 271 shares during the quarter. Savant Capital LLC’s holdings in Reinsurance Group of America were worth $2,326,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of RGA. First Citizens Bank & Trust Co. grew its position in shares of Reinsurance Group of America by 276.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,146 shares of the insurance provider’s stock valued at $1,219,000 after acquiring an additional 4,515 shares during the period. Sequoia Financial Advisors LLC bought a new position in Reinsurance Group of America during the second quarter valued at $388,000. Blueshift Asset Management LLC purchased a new stake in Reinsurance Group of America in the first quarter worth $351,000. Nordea Investment Management AB raised its stake in shares of Reinsurance Group of America by 534.1% in the second quarter. Nordea Investment Management AB now owns 570,386 shares of the insurance provider’s stock valued at $112,828,000 after buying an additional 480,435 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Reinsurance Group of America in the first quarter valued at $620,000. Institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Morgan Stanley lowered their price target on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Finally, Barclays reissued an “overweight” rating and set a $246.00 target price on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.89.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $186.59 on Tuesday. The company has a 50 day moving average of $190.70 and a 200 day moving average of $194.12. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. The stock has a market cap of $12.26 billion, a P/E ratio of 16.20 and a beta of 0.62. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 30th. The insurance provider reported $6.37 EPS for the quarter, beating the consensus estimate of $5.80 by $0.57. The firm had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.02 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $6.13 EPS. As a group, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, November 10th. Reinsurance Group of America’s payout ratio is presently 28.62%.

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.