Farther Finance Advisors LLC Reduces Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Farther Finance Advisors LLC trimmed its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 39.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 864 shares of the insurance provider’s stock after selling 563 shares during the quarter. Farther Finance Advisors LLC’s holdings in Reinsurance Group of America were worth $185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RGA. Oppenheimer & Co. Inc. acquired a new stake in Reinsurance Group of America during the 3rd quarter worth approximately $242,000. KBC Group NV lifted its position in Reinsurance Group of America by 14.7% during the 3rd quarter. KBC Group NV now owns 1,705 shares of the insurance provider’s stock worth $371,000 after acquiring an additional 219 shares during the period. CIBC Asset Management Inc lifted its position in Reinsurance Group of America by 5.5% during the 3rd quarter. CIBC Asset Management Inc now owns 2,348 shares of the insurance provider’s stock worth $512,000 after acquiring an additional 123 shares during the period. Claro Advisors LLC acquired a new stake in Reinsurance Group of America during the 3rd quarter worth approximately $213,000. Finally, Thrivent Financial for Lutherans lifted its position in Reinsurance Group of America by 8.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 25,969 shares of the insurance provider’s stock worth $5,657,000 after acquiring an additional 1,936 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $192.12 on Thursday. The stock has a fifty day moving average price of $208.15 and a 200 day moving average price of $214.41. The stock has a market cap of $12.68 billion, a PE ratio of 17.89 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 1 year low of $178.84 and a 1 year high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.85%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 33.15%.

Analyst Ratings Changes

A number of analysts have weighed in on RGA shares. Barclays decreased 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 report on Monday, January 6th. Wells Fargo & Company raised their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Evercore ISI reduced their price target on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. raised their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. 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 company. According to data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus price target of $231.85.

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.