Reinsurance Group of America, Incorporated $RGA Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC increased its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 10.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,655 shares of the insurance provider’s stock after buying an additional 340 shares during the quarter. AE Wealth Management LLC’s holdings in Reinsurance Group of America were worth $725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cordatus Wealth Management LLC increased its holdings in Reinsurance Group of America by 3.1% in the 1st quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider’s stock valued at $331,000 after purchasing an additional 50 shares in the last quarter. Journey Strategic Wealth LLC boosted its position in shares of Reinsurance Group of America by 4.9% in the first quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider’s stock worth $237,000 after buying an additional 56 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Reinsurance Group of America by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after buying an additional 58 shares in the last quarter. Oakworth Capital Inc. grew its stake in shares of Reinsurance Group of America by 32.4% in the second quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock valued at $49,000 after buying an additional 60 shares in the last quarter. Finally, Paulson Wealth Management Inc. raised its holdings in shares of Reinsurance Group of America by 4.5% during the 2nd quarter. Paulson Wealth Management Inc. now owns 1,569 shares of the insurance provider’s stock valued at $311,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Raymond James Financial lowered shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Keefe, Bruyette & Woods lowered their price target on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Morgan Stanley cut their price objective on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Barclays reissued an “overweight” rating and issued a $246.00 price objective on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Reinsurance Group of America in a research report on Tuesday, October 7th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $239.89.

Reinsurance Group of America Trading Down 0.1%

NYSE:RGA opened at $190.18 on Friday. The company has a market cap of $12.50 billion, a PE ratio of 16.51 and a beta of 0.62. The business’s 50 day moving average is $190.26 and its two-hundred day moving average is $194.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the prior year, the company posted $6.13 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, November 10th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 28.62%.

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.