Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,970 shares of the insurance provider’s stock after selling 2,566 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Reinsurance Group of America were worth $3,069,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp increased its holdings in Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 70 shares in the last quarter. Tectonic Advisors LLC boosted its position in Reinsurance Group of America by 4.3% in the 4th quarter. Tectonic Advisors LLC now owns 1,979 shares of the insurance provider’s stock valued at $320,000 after buying an additional 82 shares during the last quarter. Aspire Private Capital LLC boosted its position in Reinsurance Group of America by 4.8% in the 3rd quarter. Aspire Private Capital LLC now owns 2,246 shares of the insurance provider’s stock valued at $326,000 after buying an additional 103 shares during the last quarter. VisionPoint Advisory Group LLC boosted its position in Reinsurance Group of America by 116.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after buying an additional 114 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in Reinsurance Group of America by 1.9% in the 3rd quarter. Panagora Asset Management Inc. now owns 6,259 shares of the insurance provider’s stock valued at $909,000 after buying an additional 119 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RGA. UBS Group upped their price objective on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods upped their price objective on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price objective on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Morgan Stanley upped their price objective on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, Wells Fargo & Company increased their price target on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.38.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the sale, the chief financial officer now owns 49,549 shares in the company, valued at $9,061,521.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Todd C. Larson sold 2,966 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares in the company, valued at $9,061,521.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the transaction, the executive vice president now owns 13,625 shares in the company, valued at approximately $2,341,183.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,462 shares of company stock worth $1,162,239. 1.37% of the stock is owned by company insiders.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $191.01 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $183.66 and its two-hundred day moving average price is $168.79. Reinsurance Group of America, Incorporated has a 52-week low of $133.13 and a 52-week high of $196.25. The stock has a market capitalization of $12.57 billion, a P/E ratio of 14.22 and a beta of 0.89.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the company posted $2.99 earnings per share. Reinsurance Group of America’s revenue was up 14.9% on a year-over-year basis. As a group, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were paid a $0.85 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 annualized dividend and a dividend yield of 1.78%. Reinsurance Group of America’s payout ratio is currently 25.32%.

About Reinsurance Group of America

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.