Savant Capital LLC Cuts Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Savant Capital LLC reduced its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 48.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,008 shares of the insurance provider’s stock after selling 5,717 shares during the quarter. Savant Capital LLC’s holdings in Reinsurance Group of America were worth $1,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Millstone Evans Group LLC boosted its position in Reinsurance Group of America by 82.4% during the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Reinsurance Group of America during the 3rd quarter worth approximately $33,000. LRI Investments LLC lifted its position in shares of Reinsurance Group of America by 41.2% during the 3rd quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock valued at $51,000 after buying an additional 77 shares in the last quarter. IFP Advisors Inc grew its stake in Reinsurance Group of America by 93.9% in the 2nd quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 138 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in Reinsurance Group of America in the 2nd quarter worth $57,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 0.7%

NYSE RGA opened at $217.76 on Wednesday. The business’s fifty day simple moving average is $201.60 and its 200-day simple moving average is $194.01. The company has a quick ratio of 0.13, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The firm has a market cap of $14.31 billion, a PE ratio of 12.27 and a beta of 0.53. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $229.21.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, topping analysts’ consensus estimates of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The company had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same period in the previous year, the firm earned $4.99 earnings per share. Reinsurance Group of America’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, equities analysts anticipate 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 will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio is presently 20.96%.

Analysts Set New Price Targets

Several research firms have issued reports on RGA. Keefe, Bruyette & Woods dropped their target price on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research 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 report on Friday, October 17th. Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays set a $245.00 price objective on Reinsurance Group of America and gave the company an “overweight” rating in a research note on Friday. Finally, TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $243.00.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.