Reinsurance Group of America, Incorporated (NYSE:RGA) Stock Position Increased by LMG Wealth Partners LLC

LMG Wealth Partners LLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,278 shares of the insurance provider’s stock after purchasing an additional 799 shares during the period. LMG Wealth Partners LLC’s holdings in Reinsurance Group of America were worth $1,555,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Private Trust Co. NA raised its stake 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 valued at $34,000 after acquiring an additional 120 shares in the last quarter. Strengthening Families & Communities LLC acquired a new position in shares of Reinsurance Group of America during the third quarter valued at $36,000. Capital Performance Advisors LLP bought a new position in Reinsurance Group of America in the 3rd quarter valued at about $37,000. Spire Wealth Management grew its position 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 valued at $43,000 after buying an additional 57 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RGA. Piper Sandler decreased their price target on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. raised their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. Morgan Stanley reduced their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Barclays reduced their target price 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. Three research 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 target price of $229.54.

Reinsurance Group of America Price Performance

Shares of RGA opened at $199.41 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 18.57 and a beta of 0.93. The business’s 50-day moving average is $215.90 and its 200-day moving average is $216.41. Reinsurance Group of America, Incorporated has a fifty-two week low of $167.80 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its 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 14.55% and a net margin of 3.24%. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.88 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.79%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s payout ratio is currently 33.15%.

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.