Whipplewood Advisors LLC Invests $132,000 in Reinsurance Group of America, Incorporated (NYSE:RGA)

Whipplewood Advisors LLC purchased a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 616 shares of the insurance provider’s stock, valued at approximately $132,000.

Several other institutional investors have also modified their holdings of the company. Private Trust Co. NA grew its position in Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after buying an additional 120 shares in the last quarter. Strengthening Families & Communities LLC bought a new position in Reinsurance Group of America in the 3rd quarter valued at about $36,000. Capital Performance Advisors LLP bought a new position in Reinsurance Group of America in the 3rd quarter valued at about $37,000. Spire Wealth Management grew its position in 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 in the last quarter. Finally, Versant Capital Management Inc grew its position in 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 in the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

RGA has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Piper Sandler decreased their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley reduced their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Three equities research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $229.62.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $200.37 on Friday. Reinsurance Group of America, Incorporated has a one year low of $174.45 and a one year high of $233.81. The company has a 50-day moving average of $214.36 and a two-hundred day moving average of $216.12. The stock has a market cap of $13.23 billion, a price-to-earnings ratio of 18.66 and a beta of 0.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 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%. On average, equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current 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 issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 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.