Arkadios Wealth Advisors Reduces Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Arkadios Wealth Advisors trimmed its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 76.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,754 shares of the insurance provider's stock after selling 19,020 shares during the quarter. Arkadios Wealth Advisors' holdings in Reinsurance Group of America were worth $1,254,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of RGA. Wealth Enhancement Advisory Services LLC grew its holdings in Reinsurance Group of America by 13.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,394 shares of the insurance provider's stock worth $655,000 after acquiring an additional 392 shares during the period. Oliver Luxxe Assets LLC lifted its holdings in Reinsurance Group of America by 2.2% in the 1st quarter. Oliver Luxxe Assets LLC now owns 4,791 shares of the insurance provider's stock worth $924,000 after purchasing an additional 104 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Reinsurance Group of America by 57.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 232,773 shares of the insurance provider's stock worth $44,897,000 after purchasing an additional 84,647 shares during the last quarter. State of Michigan Retirement System lifted its holdings in Reinsurance Group of America by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 16,152 shares of the insurance provider's stock worth $3,115,000 after purchasing an additional 300 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC increased its position in Reinsurance Group of America by 3.1% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 4,283 shares of the insurance provider's stock worth $826,000 after buying an additional 130 shares during the period. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA traded up $2.35 during midday trading on Monday, hitting $212.78. The company had a trading volume of 356,366 shares, compared to its average volume of 353,998. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 16.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17. The company has a fifty day moving average of $215.33 and a two-hundred day moving average of $208.34. Reinsurance Group of America, Incorporated has a 12-month low of $145.96 and a 12-month high of $227.87.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period in the prior year, the company posted $4.40 EPS. The firm's revenue for the quarter was up 17.4% on a year-over-year basis. On average, equities research analysts expect that Reinsurance Group of America, Incorporated will post 21.8 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.67%. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.85. The ex-dividend date was Friday, August 9th. Reinsurance Group of America's dividend payout ratio (DPR) is 27.70%.

Analyst Ratings Changes

RGA has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $239.00 to $244.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Barclays cut their price target on Reinsurance Group of America from $255.00 to $250.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 8th. Morgan Stanley dropped their price objective on Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating for the company in a report on Monday, August 19th. Raymond James increased their price objective on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $220.00 to $222.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $226.62.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the completion of the transaction, the executive vice president now owns 12,357 shares of the company's stock, valued at approximately $2,705,812.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is owned by insiders.

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.