Reinsurance Group of America, Incorporated $RGA Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,653 shares of the insurance provider’s stock after selling 3,269 shares during the period. Kennedy Capital Management LLC owned 0.14% of Reinsurance Group of America worth $17,783,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RGA. EverSource Wealth Advisors LLC raised its stake in Reinsurance Group of America by 445.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 982 shares of the insurance provider’s stock worth $195,000 after acquiring an additional 802 shares during the last quarter. Blueshift Asset Management LLC increased its holdings in shares of Reinsurance Group of America by 9.8% in the second quarter. Blueshift Asset Management LLC now owns 1,955 shares of the insurance provider’s stock valued at $388,000 after purchasing an additional 174 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Reinsurance Group of America by 67.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 72,960 shares of the insurance provider’s stock worth $14,472,000 after purchasing an additional 29,402 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Reinsurance Group of America by 473.8% during the second quarter. Edgestream Partners L.P. now owns 27,456 shares of the insurance provider’s stock worth $5,446,000 after purchasing an additional 22,671 shares during the period. Finally, Schroder Investment Management Group boosted its position in Reinsurance Group of America by 1.0% in the second quarter. Schroder Investment Management Group now owns 525,040 shares of the insurance provider’s stock valued at $104,147,000 after buying an additional 5,227 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RGA has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reduced their price target on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Raymond James Financial cut shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Morgan Stanley decreased their target price on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. Barclays reaffirmed an “overweight” rating and set a $246.00 price target on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Finally, Piper Sandler reissued an “overweight” rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $239.89.

Reinsurance Group of America Stock Down 1.8%

RGA opened at $189.21 on Thursday. The company has a fifty day moving average of $189.97 and a two-hundred day moving average of $192.98. The stock has a market capitalization of $12.43 billion, a price-to-earnings ratio of 14.55 and a beta of 0.55. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $232.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.13 and a current ratio of 0.13.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 30th. The insurance provider reported $6.37 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period last year, the firm earned $6.13 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were given a $0.93 dividend. The ex-dividend date was Monday, November 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.0%. Reinsurance Group of America’s payout ratio is 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.