Corient Private Wealth LLC Decreases Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Corient Private Wealth LLC decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 302,862 shares of the insurance provider's stock after selling 4,397 shares during the period. Corient Private Wealth LLC owned 0.46% of Reinsurance Group of America worth $64,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Spire Wealth Management boosted its position in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 57 shares in the last quarter. Keybank National Association OH boosted its position in shares of Reinsurance Group of America by 2.6% during the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock valued at $500,000 after purchasing an additional 59 shares in the last quarter. Baron Wealth Management LLC boosted its position in shares of Reinsurance Group of America by 4.5% during the 3rd quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider's stock valued at $324,000 after purchasing an additional 64 shares in the last quarter. Mount Lucas Management LP boosted its position in shares of Reinsurance Group of America by 2.9% during the 3rd quarter. Mount Lucas Management LP now owns 2,592 shares of the insurance provider's stock valued at $565,000 after purchasing an additional 72 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Reinsurance Group of America by 0.5% during the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock valued at $3,039,000 after purchasing an additional 72 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

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Reinsurance Group of America Stock Down 0.3 %

Shares of Reinsurance Group of America stock traded down $0.66 on Thursday, hitting $191.40. The company had a trading volume of 352,039 shares, compared to its average volume of 378,599. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 17.82 and a beta of 0.91. The stock has a 50 day moving average of $208.15 and a 200-day moving average of $214.41. Reinsurance Group of America, Incorporated has a 1 year low of $178.84 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. As a group, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's payout ratio is 33.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company upped their target price on Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Morgan Stanley cut their target price on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Piper Sandler cut their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America has an average rating of "Moderate Buy" and a consensus price target of $231.85.

Reinsurance Group of America Company 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.