Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC decreased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 70,947 shares of the insurance provider’s stock after selling 7,532 shares during the quarter. Cambiar Investors LLC’s holdings in Reinsurance Group of America were worth $15,156,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. acquired a new position in Reinsurance Group of America in the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC acquired a new position in Reinsurance Group of America in the 3rd quarter worth about $34,000. Private Trust Co. NA raised its holdings in Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 120 shares during the period. Strengthening Families & Communities LLC purchased a new stake in Reinsurance Group of America during the 3rd quarter worth approximately $36,000. Finally, Capital Performance Advisors LLP purchased a new stake in Reinsurance Group of America during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 3.7 %

RGA opened at $200.73 on Tuesday. Reinsurance Group of America, Incorporated has a one year low of $165.38 and a one year high of $233.81. The stock has a market capitalization of $13.22 billion, a PE ratio of 18.69 and a beta of 0.93. The business’s 50 day moving average price is $218.73 and its 200 day moving average price is $217.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.80%. As a group, equities research analysts expect that Reinsurance Group of America, Incorporated will post 23.14 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday. Piper Sandler cut their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday. Barclays cut their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $228.31.

Reinsurance Group of America Company 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.