Victory Capital Management Inc. Sells 26,762 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Victory Capital Management Inc. trimmed its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 38.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,537 shares of the insurance provider’s stock after selling 26,762 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Reinsurance Group of America worth $9,301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RGA. Private Trust Co. NA increased its stake in Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 120 shares during the period. Strengthening Families & Communities LLC bought a new position in Reinsurance Group of America during the third quarter valued at about $36,000. Spire Wealth Management increased its stake in Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 57 shares during the period. SBI Securities Co. Ltd. bought a new position in Reinsurance Group of America during the fourth quarter valued at about $44,000. Finally, Versant Capital Management Inc increased its stake in Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 80 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Down 1.0 %

NYSE:RGA opened at $185.97 on Friday. The stock’s fifty day moving average price is $210.42 and its two-hundred day moving average price is $215.08. Reinsurance Group of America, Incorporated has a 52-week low of $178.84 and a 52-week 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. The company has a market cap of $12.28 billion, a price-to-earnings ratio of 17.32 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) 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%. On average, analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.91%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is 33.15%.

Analyst Ratings Changes

RGA has been the topic of several analyst reports. Barclays lowered their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Piper Sandler lowered their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, Wells Fargo & Company increased their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.85.

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.