Insight Wealth Strategies LLC grew its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 23.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,158 shares of the insurance provider's stock after buying an additional 3,873 shares during the quarter. Insight Wealth Strategies LLC's holdings in Reinsurance Group of America were worth $4,306,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new stake in Reinsurance Group of America during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC acquired a new stake in shares of Reinsurance Group of America in the third quarter valued at about $34,000. Private Trust Co. NA raised its holdings in shares of Reinsurance Group of America by 333.3% during 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 during the period. Strengthening Families & Communities LLC acquired a new position in Reinsurance Group of America during the 3rd quarter worth approximately $36,000. Finally, Capital Performance Advisors LLP purchased a new position in Reinsurance Group of America in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 95.11% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on RGA shares. TD Cowen assumed coverage on shares of Reinsurance Group of America in a research report on Wednesday, October 9th. They set a "hold" rating and a $235.00 target price on the stock. Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Piper Sandler lifted their target price on Reinsurance Group of America from $237.00 to $242.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. StockNews.com raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $227.54.
Get Our Latest Analysis on RGA
Reinsurance Group of America Stock Performance
Shares of Reinsurance Group of America stock traded down $0.37 during trading hours on Monday, reaching $218.30. The company's stock had a trading volume of 623,851 shares, compared to its average volume of 518,850. Reinsurance Group of America, Incorporated has a one year low of $163.81 and a one year high of $233.81. The company's 50 day simple moving average is $218.98 and its 200 day simple 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. The stock has a market cap of $14.38 billion, a P/E ratio of 20.05 and a beta of 0.93.
Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.31 by $0.82. The firm had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. Reinsurance Group of America's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $5.57 earnings per share. As a group, analysts expect that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current fiscal year.
Reinsurance Group of America Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America's dividend payout ratio is presently 32.69%.
Reinsurance Group of America Profile
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Free Report)
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.
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