Yousif Capital Management LLC Sells 169 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Yousif Capital Management LLC cut its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 31,584 shares of the insurance provider’s stock after selling 169 shares during the period. Yousif Capital Management LLC’s holdings in Reinsurance Group of America were worth $5,110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RGA. Lindbrook Capital LLC increased its holdings in shares of Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 87 shares in the last quarter. VisionPoint Advisory Group LLC boosted its position in Reinsurance Group of America by 116.3% in the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 114 shares during the last quarter. Toth Financial Advisory Corp lifted its position in shares of Reinsurance Group of America by 41.2% during the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after buying an additional 70 shares in the last quarter. Covestor Ltd lifted its position in shares of Reinsurance Group of America by 532.8% during the 3rd quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock valued at $62,000 after buying an additional 357 shares in the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Reinsurance Group of America during the 4th quarter valued at about $72,000. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Price Performance

NYSE RGA opened at $191.02 on Friday. Reinsurance Group of America, Incorporated has a 1 year low of $133.13 and a 1 year high of $196.25. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market capitalization of $12.57 billion, a P/E ratio of 14.22 and a beta of 0.89. The business’s fifty day moving average is $184.07 and its two-hundred day moving average is $168.94.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Friday, February 2nd. The insurance provider reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the company posted $2.99 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, research analysts forecast that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Monday, February 12th. Reinsurance Group of America’s dividend payout ratio is currently 25.32%.

Insider Activity

In other news, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the transaction, the chief financial officer now directly owns 49,549 shares in the company, valued at $9,061,521.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the sale, the executive vice president now owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the sale, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,462 shares of company stock valued at $1,162,239. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RGA shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $212.00 price objective on shares of Reinsurance Group of America in a research report on Friday, April 12th. Evercore ISI upped their target price on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods increased their price objective on Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, Morgan Stanley upped their target price on Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.38.

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.