Nuance Investments LLC Lowers Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Nuance Investments LLC lowered its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 33.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,353 shares of the insurance provider’s stock after selling 82,700 shares during the period. Reinsurance Group of America accounts for about 1.4% of Nuance Investments LLC’s investment portfolio, making the stock its 21st biggest holding. Nuance Investments LLC’s holdings in Reinsurance Group of America were worth $35,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Reinsurance Group of America by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider’s stock worth $1,541,121,000 after purchasing an additional 51,733 shares in the last quarter. WCM Investment Management LLC increased its stake in shares of Reinsurance Group of America by 1.4% in the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock valued at $526,911,000 after purchasing an additional 33,082 shares in the last quarter. Geode Capital Management LLC boosted its position in Reinsurance Group of America by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock worth $241,849,000 after purchasing an additional 18,162 shares in the last quarter. Stifel Financial Corp increased its position in shares of Reinsurance Group of America by 8.2% in the third quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider’s stock valued at $79,872,000 after buying an additional 27,931 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Reinsurance Group of America by 47.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock valued at $79,512,000 after buying an additional 117,829 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

NYSE:RGA opened at $201.74 on Wednesday. Reinsurance Group of America, Incorporated has a 52 week low of $178.84 and a 52 week high of $233.81. The stock’s fifty day moving average is $206.37 and its two-hundred day moving average is $213.78. The company has a market capitalization of $13.32 billion, a P/E ratio of 18.78 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly 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%. Equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.76%. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

Wall Street Analyst Weigh In

Several research firms have issued reports on RGA. JPMorgan Chase & Co. increased their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. 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 report on Monday, January 6th. Piper Sandler reduced their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley decreased their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. 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 data from MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus price target of $231.85.

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.