Artemis Investment Management LLP Sells 26,759 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Artemis Investment Management LLP cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 43.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,646 shares of the insurance provider’s stock after selling 26,759 shares during the quarter. Artemis Investment Management LLP’s holdings in Reinsurance Group of America were worth $7,401,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RGA. Vanguard Personalized Indexing Management LLC grew its holdings in Reinsurance Group of America by 9.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,522 shares of the insurance provider’s stock valued at $1,536,000 after buying an additional 649 shares during the last quarter. XTX Topco Ltd boosted its stake in Reinsurance Group of America by 56.8% in the 2nd quarter. XTX Topco Ltd now owns 5,132 shares of the insurance provider’s stock valued at $1,053,000 after buying an additional 1,858 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Reinsurance Group of America in the 2nd quarter worth about $4,573,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Reinsurance Group of America by 14.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the insurance provider’s stock worth $137,000 after buying an additional 85 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Reinsurance Group of America by 314.6% in the second quarter. Canada Pension Plan Investment Board now owns 56,800 shares of the insurance provider’s stock valued at $11,659,000 after buying an additional 43,100 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 0.3 %

NYSE:RGA opened at $223.16 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a one year low of $163.81 and a one year high of $233.81. The company has a market cap of $14.70 billion, a PE ratio of 20.49 and a beta of 0.94. The firm has a 50-day moving average of $219.83 and a 200-day moving average of $215.94.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating the consensus estimate of $5.31 by $0.82. The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $5.57 EPS. As a group, equities research analysts expect that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 32.69%.

Analyst Upgrades and Downgrades

RGA has been the topic of several research reports. Barclays reduced their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Piper Sandler boosted their target price on Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Raymond James lifted their target price on Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 24th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.31.

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.