WR Wealth Planners LLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 22,750.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,742 shares of the insurance provider's stock after purchasing an additional 2,730 shares during the period. WR Wealth Planners LLC's holdings in Reinsurance Group of America were worth $586,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA grew its position in 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 worth $34,000 after purchasing an additional 120 shares during the period. Strengthening Families & Communities LLC purchased a new stake in shares of Reinsurance Group of America in the third quarter worth about $36,000. Capital Performance Advisors LLP acquired a new stake in Reinsurance Group of America during the third quarter worth about $37,000. Spire Wealth Management raised its position in Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 57 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 80 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.
Reinsurance Group of America Price Performance
Shares of NYSE:RGA traded up $2.54 during midday trading on Wednesday, hitting $195.59. The company's stock had a trading volume of 362,673 shares, compared to its average volume of 535,661. Reinsurance Group of America, Incorporated has a 12-month low of $178.75 and a 12-month high of $233.81. The company has a market cap of $12.91 billion, a P/E ratio of 18.21 and a beta of 0.93. 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 business's 50 day simple moving average is $213.70 and its 200 day simple moving average is $216.14.
Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share 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, analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.
Reinsurance Group of America Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's payout ratio is currently 33.15%.
Wall Street Analysts Forecast Growth
RGA has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Piper Sandler dropped their target price on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Barclays reduced their price target on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company raised their price objective on Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $229.62.
Check Out Our Latest Research Report on RGA
Reinsurance Group of America Company Profile
(
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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