Junto Capital Management LP Decreases Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Junto Capital Management LP lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 439,256 shares of the insurance provider’s stock after selling 66,375 shares during the quarter. Reinsurance Group of America comprises 1.8% of Junto Capital Management LP’s portfolio, making the stock its 18th largest position. Junto Capital Management LP owned about 0.67% of Reinsurance Group of America worth $93,838,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Spire Wealth Management boosted its stake in 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 purchasing an additional 57 shares in the last quarter. Colonial Trust Co SC grew its holdings in Reinsurance Group of America by 72.2% during the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 57 shares during the period. Keybank National Association OH boosted its position in shares of Reinsurance Group of America by 2.6% during the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider’s stock valued at $500,000 after purchasing an additional 59 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock worth $3,039,000 after purchasing an additional 72 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its holdings in shares of Reinsurance Group of America by 2.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider’s stock worth $715,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

RGA has been the topic of several recent research reports. Evercore ISI decreased 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 research report on Thursday, March 13th. Keefe, Bruyette & Woods lifted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and increased their price target for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Royal Bank of Canada restated an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Finally, Wells Fargo & Company boosted their price target on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average price target of $230.69.

Reinsurance Group of America Trading Up 1.5 %

Shares of NYSE RGA opened at $205.01 on Friday. The business has a 50 day simple moving average of $189.13 and a 200 day simple moving average of $206.97. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 19.09 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Reinsurance Group of America’s quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.02 EPS. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a $0.89 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.74%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 30.04%.

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.