Nuance Investments LLC Has $7.82 Million Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Nuance Investments LLC trimmed its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,428 shares of the insurance provider’s stock after selling 8,906 shares during the quarter. Reinsurance Group of America makes up 0.9% of Nuance Investments LLC’s holdings, making the stock its 29th biggest holding. Nuance Investments LLC’s holdings in Reinsurance Group of America were worth $7,819,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RGA. Activest Wealth Management acquired a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $30,000. International Assets Investment Management LLC acquired a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $35,000. Advisory Services Network LLC acquired a new stake in shares of Reinsurance Group of America during the third quarter valued at about $38,000. Entrust Financial LLC acquired a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Reinsurance Group of America by 632.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 205 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 177 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on RGA shares. UBS Group lifted their price target on Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Morgan Stanley lifted their price target on Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Evercore reaffirmed an “outperform” rating and issued a $267.00 price objective on shares of Reinsurance Group of America in a research note on Monday, May 18th. Barclays lifted their price objective on Reinsurance Group of America from $256.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.25.

Reinsurance Group of America Trading Up 3.5%

Shares of Reinsurance Group of America stock opened at $204.97 on Friday. The stock has a fifty day simple moving average of $207.87 and a 200 day simple moving average of $204.94. Reinsurance Group of America, Incorporated has a 12-month low of $165.52 and a 12-month high of $229.21. The company has a market capitalization of $13.43 billion, a P/E ratio of 11.10 and a beta of 0.47. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.94. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the prior year, the company posted $5.66 earnings per share. Reinsurance Group of America’s revenue was up 23.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a dividend of $0.93 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.72 annualized dividend and a yield of 1.8%. Reinsurance Group of America’s dividend payout ratio is 20.15%.

Insider Buying and Selling at Reinsurance Group of America

In related news, EVP Ronald Herrmann sold 7,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the completion of the sale, the executive vice president owned 3,938 shares in the company, valued at approximately $829,264.04. This represents a 64.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John W. Hayden sold 414 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the transaction, the executive vice president owned 20,949 shares of the company’s stock, valued at $4,502,987.55. This trade represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

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.