Banco Santander S.A. Lowers Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Banco Santander S.A. trimmed its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,927 shares of the insurance provider’s stock after selling 3,016 shares during the quarter. Banco Santander S.A. owned 0.08% of Reinsurance Group of America worth $11,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RGA. Private Trust Co. NA lifted its position 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 buying an additional 120 shares in the last quarter. Strengthening Families & Communities LLC acquired a new position in shares of Reinsurance Group of America during the 3rd quarter valued at $36,000. Capital Performance Advisors LLP acquired a new position in shares of Reinsurance Group of America during the 3rd quarter valued at $37,000. Spire Wealth Management lifted its holdings in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 57 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Reinsurance Group of America during the 4th quarter valued at $44,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Down 1.1 %

Shares of RGA opened at $190.80 on Friday. The business’s 50-day moving average price is $212.57 and its 200 day moving average price is $215.71. The stock has a market capitalization of $12.60 billion, a P/E ratio of 17.77 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate 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%. Analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.89 dividend. 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 1.87%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 33.15%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RGA shares. Barclays reduced 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. Royal Bank of Canada reissued an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. Piper Sandler reduced their price target on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Morgan Stanley cut their price target on 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. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average price target of $229.62.

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.