Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 127.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,662 shares of the insurance provider's stock after purchasing an additional 2,052 shares during the period. Kestra Private Wealth Services LLC's holdings in Reinsurance Group of America were worth $782,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in RGA. Wolff Wiese Magana LLC bought a new position in Reinsurance Group of America in the 3rd quarter worth about $34,000. Private Trust Co. NA grew its stake 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 worth $34,000 after acquiring 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 worth about $36,000. Capital Performance Advisors LLP bought a new position in Reinsurance Group of America in the 3rd quarter worth about $37,000. Finally, Spire Wealth Management grew its stake 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 worth $43,000 after acquiring an additional 57 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RGA. Morgan Stanley dropped their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Friday. JPMorgan Chase & Co. increased 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 note on Tuesday, January 7th. Piper Sandler dropped their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Barclays dropped their price objective on shares of 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Reinsurance Group of America presently has an average rating of "Moderate Buy" and a consensus target price of $228.08.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA traded up $1.97 during midday trading on Tuesday, reaching $200.93. The company had a trading volume of 152,721 shares, compared to its average volume of 523,278. The business's 50-day simple moving average is $216.09 and its 200 day simple moving average is $216.45. The stock has a market cap of $13.23 billion, a P/E ratio of 18.71 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 1 year low of $167.80 and a 1 year high of $233.81. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.80% and a net margin of 3.24%. On average, analysts forecast that Reinsurance Group of America, Incorporated will post 23.14 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared 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. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.77%. Reinsurance Group of America's dividend 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.