Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lessened its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 22.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,537 shares of the insurance provider’s stock after selling 442 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Reinsurance Group of America were worth $303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its stake in Reinsurance Group of America by 38.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,783 shares of the insurance provider’s stock valued at $1,729,000 after buying an additional 2,428 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Reinsurance Group of America by 13.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,901 shares of the insurance provider’s stock worth $768,000 after purchasing an additional 452 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in Reinsurance Group of America by 164.3% during the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 92 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Reinsurance Group of America by 1,265.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 6,553 shares of the insurance provider’s stock valued at $1,290,000 after purchasing an additional 6,073 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Reinsurance Group of America by 7.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 171,402 shares of the insurance provider’s stock worth $33,984,000 after acquiring an additional 12,217 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

RGA has been the subject of a number of research analyst reports. Morgan Stanley lifted their price objective on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods increased their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Raymond James Financial reissued a “market perform” rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Finally, UBS Group reaffirmed a “neutral” rating and set a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.00.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $192.46 on Wednesday. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $12.72 billion, a P/E ratio of 16.24 and a beta of 0.62. The firm’s 50 day moving average is $200.34 and its two-hundred day moving average is $200.80.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping the consensus estimate of $5.33 by $0.33. The firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The business’s quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the firm posted $6.02 EPS. Analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America’s payout ratio is 30.04%.

Reinsurance Group of America 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.