Rockefeller Capital Management L.P. Decreases Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Rockefeller Capital Management L.P. lessened its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 27.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 956,186 shares of the insurance provider’s stock after selling 360,506 shares during the quarter. Reinsurance Group of America comprises 0.5% of Rockefeller Capital Management L.P.’s portfolio, making the stock its 24th biggest holding. Rockefeller Capital Management L.P.’s holdings in Reinsurance Group of America were worth $204,270,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of Reinsurance Group of America by 19.2% in the 4th quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock valued at $38,895,000 after acquiring an additional 29,352 shares during the last quarter. Martin Capital Partners LLC purchased a new stake in Reinsurance Group of America during the fourth quarter valued at approximately $1,788,000. Nordea Investment Management AB raised its position in Reinsurance Group of America by 4.8% during the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock valued at $19,232,000 after purchasing an additional 4,119 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Reinsurance Group of America by 23.8% in the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock valued at $3,077,000 after purchasing an additional 2,768 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Reinsurance Group of America by 7.9% during the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock valued at $16,862,000 after purchasing an additional 5,699 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA opened at $177.76 on Friday. 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 firm has a market cap of $11.74 billion, a PE ratio of 16.55 and a beta of 0.70. The firm’s 50 day simple moving average is $193.93 and its 200-day simple moving average is $210.55. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share 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 14.55%. As a group, equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 2.00%. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

Analysts Set New Price Targets

RGA has been the subject of a number of analyst reports. Morgan Stanley lowered their price target on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. UBS Group restated a “neutral” rating and issued a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Evercore ISI cut their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Keefe, Bruyette & Woods reduced their price objective on shares of Reinsurance Group of America from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Piper Sandler dropped their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $230.15.

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.