Global Retirement Partners LLC Boosts Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Global Retirement Partners LLC raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 69.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,312 shares of the insurance provider’s stock after acquiring an additional 539 shares during the quarter. Global Retirement Partners LLC’s holdings in Reinsurance Group of America were worth $280,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of RGA. Private Trust Co. NA increased its stake in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 120 shares during the period. Strengthening Families & Communities LLC acquired a new position in Reinsurance Group of America during the 3rd quarter worth approximately $36,000. Capital Performance Advisors LLP purchased a new position in shares of Reinsurance Group of America during the 3rd quarter worth approximately $37,000. Spire Wealth Management lifted its holdings in shares of Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after buying an additional 57 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $244.00 to $263.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Piper Sandler cut their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Morgan Stanley decreased their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays decreased their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $229.54.

Reinsurance Group of America Stock Up 5.3 %

RGA opened at $199.43 on Tuesday. The firm has a market cap of $13.13 billion, a P/E ratio of 18.57 and a beta of 0.93. The business’s fifty day simple moving average is $214.67 and its 200 day simple moving average is $216.38. Reinsurance Group of America, Incorporated has a 52 week low of $171.84 and a 52 week high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. As a group, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.79%. Reinsurance Group of America’s payout ratio is currently 33.15%.

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.