Insight Wealth Strategies LLC Has $4.31 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Insight Wealth Strategies LLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 23.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,158 shares of the insurance provider’s stock after purchasing an additional 3,873 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Reinsurance Group of America were worth $4,306,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in RGA. Eagle Asset Management Inc. increased its position in 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 worth $25,297,000 after acquiring an additional 15,289 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Reinsurance Group of America in the second quarter valued at approximately $1,925,000. Oppenheimer Asset Management Inc. lifted its position in shares of Reinsurance Group of America by 23.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 31,798 shares of the insurance provider’s stock valued at $6,527,000 after acquiring an additional 6,144 shares during the period. Franklin Resources Inc. grew its stake in 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 worth $16,862,000 after buying an additional 5,699 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in Reinsurance Group of America by 27.9% during the second quarter. Point72 Asset Management L.P. now owns 164,046 shares of the insurance provider’s stock valued at $33,674,000 after purchasing an additional 35,750 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RGA has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Wells Fargo & Company raised their target price on Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. TD Cowen assumed coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective on the stock. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Three 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $227.54.

Reinsurance Group of America Stock Performance

NYSE RGA traded down $0.08 on Monday, hitting $218.59. 335,719 shares of the stock traded hands, compared to its average volume of 420,135. The firm has a market capitalization of $14.40 billion, a price-to-earnings ratio of 20.07 and a beta of 0.93. The business’s fifty day moving average is $218.98 and its two-hundred day moving average is $214.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. Reinsurance Group of America, Incorporated has a 12 month low of $163.81 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results 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. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the prior year, the company earned $5.57 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 32.69%.

About Reinsurance Group of America

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.