Keeley Teton Advisors LLC Sells 1,002 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Keeley Teton Advisors LLC cut its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 14,155 shares of the insurance provider’s stock after selling 1,002 shares during the period. Keeley Teton Advisors LLC’s holdings in Reinsurance Group of America were worth $3,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Alliancebernstein L.P. lifted its holdings in shares of Reinsurance Group of America by 389.4% in the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock worth $239,911,000 after buying an additional 893,537 shares in the last quarter. Norges Bank bought a new stake in shares of Reinsurance Group of America during the fourth quarter valued at approximately $174,082,000. FMR LLC grew its stake in shares of Reinsurance Group of America by 11.1% in the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider’s stock worth $1,205,042,000 after buying an additional 564,693 shares during the last quarter. Invesco Ltd. increased its position in shares of Reinsurance Group of America by 34.4% during the fourth quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider’s stock valued at $201,802,000 after acquiring an additional 241,669 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Reinsurance Group of America in the fourth quarter worth approximately $48,724,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analysts Set New Price Targets

RGA has been the topic of several recent research reports. Morgan Stanley lowered their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. UBS Group reaffirmed a “neutral” rating and issued a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Barclays lowered their target price on shares of 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. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods lowered their price target on Reinsurance Group of America from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $230.15.

Reinsurance Group of America Stock Up 1.5 %

Shares of NYSE:RGA opened at $180.90 on Tuesday. The business’s 50 day moving average is $192.96 and its 200 day moving average is $210.25. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock has a market cap of $11.95 billion, a P/E ratio of 16.84 and a beta of 0.70. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week 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 (EPS) for the quarter, missing analysts’ consensus estimates 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 predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.97%. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

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.