Robeco Institutional Asset Management B.V. Sells 3,693 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Robeco Institutional Asset Management B.V. cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,110 shares of the insurance provider’s stock after selling 3,693 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Reinsurance Group of America were worth $14,764,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RGA. Eagle Asset Management Inc. lifted its holdings in shares of Reinsurance Group of America by 15.7% during the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock valued at $25,297,000 after purchasing an additional 15,289 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Reinsurance Group of America during the 2nd quarter valued at about $1,925,000. Insight Wealth Strategies LLC purchased a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at about $3,548,000. Nordea Investment Management AB grew its stake in shares of Reinsurance Group of America by 4.8% in the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock worth $19,232,000 after acquiring an additional 4,119 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Reinsurance Group of America by 7.9% during the third 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. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RGA has been the topic of several research reports. Royal Bank of Canada lifted their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Barclays lowered their target price 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. TD Cowen began coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They set a “hold” rating and a $235.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $228.31.

Reinsurance Group of America Price Performance

NYSE RGA opened at $227.91 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $163.81 and a 12 month high of $233.81. The stock has a market cap of $15.01 billion, a price-to-earnings ratio of 20.93 and a beta of 0.94. The company’s 50 day moving average is $219.33 and its two-hundred day moving average is $216.99. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The company had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter last year, the business earned $5.57 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. As a group, research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.4 earnings per share for the current year.

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.