Nuance Investments LLC Has $54.26 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Nuance Investments LLC lessened its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 43.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 249,053 shares of the insurance provider’s stock after selling 189,487 shares during the quarter. Reinsurance Group of America makes up approximately 1.8% of Nuance Investments LLC’s investment portfolio, making the stock its 17th largest position. Nuance Investments LLC owned approximately 0.38% of Reinsurance Group of America worth $54,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. bought a new stake in Reinsurance Group of America in the 3rd quarter valued at $25,000. New Covenant Trust Company N.A. acquired a new stake in shares of Reinsurance Group of America during the 1st quarter worth about $28,000. International Assets Investment Management LLC acquired a new stake in shares of Reinsurance Group of America during the 2nd quarter worth about $28,000. Family Firm Inc. acquired a new position in Reinsurance Group of America in the 2nd quarter valued at about $29,000. Finally, LRI Investments LLC acquired a new position in Reinsurance Group of America in the 1st quarter valued at about $33,000. Institutional investors own 95.11% of the company’s stock.

Insider Activity

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares in the company, valued at approximately $2,705,812.29. This represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is currently owned by company insiders.

Reinsurance Group of America Price Performance

RGA stock opened at $227.22 on Wednesday. Reinsurance Group of America, Incorporated has a 1 year low of $157.45 and a 1 year high of $233.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market cap of $14.97 billion, a price-to-earnings ratio of 20.87 and a beta of 0.92. The company has a 50 day simple moving average of $218.07 and a 200 day simple moving average of $212.43.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.31 by $0.82. The company had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. Reinsurance Group of America’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.57 earnings per share. Research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.93 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Friday, November 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 32.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup boosted their price objective on Reinsurance Group of America from $194.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. TD Cowen assumed coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective on the stock. Royal Bank of Canada increased their price objective on 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. Barclays decreased their price target on shares of Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Finally, StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $227.38.

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.