Envestnet Asset Management Inc. Sells 66,617 Shares of Reinsurance Group of America, Incorporated $RGA

Envestnet Asset Management Inc. cut its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 14.2% in the third quarter, Holdings Channel.com reports. The firm owned 402,318 shares of the insurance provider’s stock after selling 66,617 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Reinsurance Group of America were worth $77,297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC raised its holdings in shares of Reinsurance Group of America by 82.4% in the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after buying an additional 61 shares during the period. Root Financial Partners LLC bought a new stake in shares of Reinsurance Group of America during the third quarter worth $33,000. LRI Investments LLC boosted its stake in shares of Reinsurance Group of America by 41.2% during the third quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 77 shares during the period. IFP Advisors Inc grew its holdings in shares of Reinsurance Group of America by 93.9% in the second quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 138 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new position in Reinsurance Group of America in the 2nd quarter worth about $57,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

Shares of RGA stock opened at $225.62 on Monday. The stock’s 50-day moving average is $200.57 and its 200 day moving average is $193.68. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $229.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.14 and a quick ratio of 0.13. The company has a market cap of $14.83 billion, a P/E ratio of 12.71 and a beta of 0.53.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, beating the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The business had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.25 billion. During the same period in the prior year, the firm posted $4.99 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is 20.96%.

Analysts Set New Price Targets

Several research firms have issued reports on RGA. Keefe, Bruyette & Woods lowered their price objective on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Barclays set a $245.00 target price on Reinsurance Group of America and gave the company an “overweight” rating in a research report on Friday. Wells Fargo & Company raised their price target on Reinsurance Group of America from $237.00 to $238.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Finally, Raymond James Financial lowered shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $243.22.

Key Reinsurance Group of America News

Here are the key news stories impacting Reinsurance Group of America this week:

• Positive Sentiment: Q4 earnings beat — RGA reported EPS of $7.75 vs. consensus ~$5.86 and revenue of roughly $6.6B, up ~26.6% year-over-year; the results materially exceeded estimates and are the main driver of the rally. Press Release
• Positive Sentiment: Dividend confirmed — the board declared a quarterly dividend of $0.93 per share (annualized yield ~1.6%), reinforcing cash return to shareholders and supporting investor sentiment. Dividend Announcement
• Positive Sentiment: Strong full-year commentary — company materials and analyst notes flag robust underlying results for the year and favorable trends in reinsurance/investment income that supported full-year performance. TipRanks Summary
• Neutral Sentiment: Conference call / transcript available — management provided detail on drivers (business mix, investment positioning, and the Portland industrial exposure) that investors will parse for sustainability of results; read the transcript for specific management remarks. Earnings Call Transcript
• Neutral Sentiment: Analyst coverage and metric analysis — outlets (Zacks, Investing, Yahoo) highlight the beats but note metrics analysts will watch (loss reserves, investment yields, and expense trends); these analyses help set expectations for upcoming quarters. Zacks Analysis
• Negative Sentiment: Short-term liquidity and margin context — the company’s reported ratios (low current/quick ratios) and a modest net margin (~3.9%) are areas of caution for some investors concerned about balance-sheet flexibility and expense/leverage sensitivity. Company Financials Snapshot

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.