Wealth Enhancement Advisory Services LLC Has $1.18 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Wealth Enhancement Advisory Services LLC grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,419 shares of the insurance provider’s stock after purchasing an additional 447 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Reinsurance Group of America were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in RGA. Armstrong Advisory Group Inc. acquired a new position in Reinsurance Group of America in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC bought a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at $34,000. Private Trust Co. NA lifted its position in shares of 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 during the period. Strengthening Families & Communities LLC bought a new position in Reinsurance Group of America during the third quarter worth $36,000. Finally, Capital Performance Advisors LLP acquired a new stake in Reinsurance Group of America in the third quarter worth $37,000. Institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

RGA has been the topic of several research reports. Piper Sandler upped their price objective on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen began coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price target on the stock. Barclays reduced their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Raymond James upped their target price on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $228.31.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $223.05 on Thursday. The company has a fifty day moving average price of $219.87 and a 200-day moving average price of $215.55. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 20.48 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 1 year low of $163.81 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the prior year, the firm posted $5.57 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts predict that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.60%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 32.69%.

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.