Vaughan Nelson Investment Management L.P. Sells 27,870 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 11.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 223,029 shares of the insurance provider’s stock after selling 27,870 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.34% of Reinsurance Group of America worth $43,017,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Reinsurance Group of America by 1.5% in the third quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider’s stock worth $1,067,264,000 after acquiring an additional 110,877 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Reinsurance Group of America by 7.3% in the third quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider’s stock worth $378,288,000 after acquiring an additional 177,299 shares during the last quarter. Earnest Partners LLC grew its stake in shares of Reinsurance Group of America by 2.7% in the third quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider’s stock worth $344,257,000 after acquiring an additional 62,045 shares during the last quarter. Nuance Investments LLC grew its stake in shares of Reinsurance Group of America by 14.7% in the fourth quarter. Nuance Investments LLC now owns 1,114,060 shares of the insurance provider’s stock worth $180,233,000 after acquiring an additional 142,627 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Reinsurance Group of America in the fourth quarter worth $122,301,000. Institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

RGA has been the topic of several research analyst reports. Raymond James raised their price objective on shares of Reinsurance Group of America from $212.00 to $228.00 and gave the stock a “strong-buy” rating in a research note on Friday, June 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $225.00 price target on shares of Reinsurance Group of America in a research note on Friday, June 14th. Jefferies Financial Group lifted their price target on shares of Reinsurance Group of America from $240.00 to $247.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Piper Sandler lifted their price target on shares of Reinsurance Group of America from $228.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Finally, Keefe, Bruyette & Woods lifted their price objective on Reinsurance Group of America from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $221.18.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, EVP John W. Hayden sold 1,767 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total transaction of $365,503.95. Following the completion of the sale, the executive vice president now directly owns 16,490 shares of the company’s stock, valued at approximately $3,410,956.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is currently owned by company insiders.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock opened at $205.82 on Wednesday. The stock has a 50-day simple moving average of $204.22 and a 200 day simple moving average of $185.67. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 12-month low of $135.07 and a 12-month high of $213.21. The stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 15.99 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.55 by $1.47. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. The business had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the previous year, the business posted $5.16 earnings per share. On average, research analysts anticipate that Reinsurance Group of America, Incorporated will post 20.94 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were issued a $0.85 dividend. The ex-dividend date was Monday, May 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.65%. Reinsurance Group of America’s dividend payout ratio is 26.42%.

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.