Allworth Financial LP Trims Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Allworth Financial LP decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 14.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 623 shares of the insurance provider’s stock after selling 103 shares during the period. Allworth Financial LP’s holdings in Reinsurance Group of America were worth $139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management lifted its holdings in shares of Reinsurance Group of America by 39.0% during 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 during the period. Baron Wealth Management LLC increased its stake in shares of Reinsurance Group of America by 4.5% in the 3rd quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider’s stock worth $324,000 after purchasing an additional 64 shares in the last quarter. Mount Lucas Management LP increased its stake in shares of Reinsurance Group of America by 2.9% in the 3rd quarter. Mount Lucas Management LP now owns 2,592 shares of the insurance provider’s stock worth $565,000 after purchasing an additional 72 shares in the last quarter. Inspire Investing LLC increased its stake in shares of Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock worth $3,039,000 after purchasing an additional 72 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its stake in shares of Reinsurance Group of America by 2.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider’s stock worth $715,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RGA shares. Morgan Stanley cut their price target 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. Piper Sandler cut 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. Barclays cut their price target 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. Wells Fargo & Company increased their price target on Reinsurance Group of America from $244.00 to $263.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.54.

Reinsurance Group of America Stock Down 3.4 %

Shares of NYSE RGA opened at $189.40 on Monday. 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 cap of $12.47 billion, a P/E ratio of 17.63 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 1 year low of $169.08 and a 1 year high of $233.81. The firm has a 50-day simple moving average of $214.91 and a two-hundred day simple moving average of $216.39.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) 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%. Research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

About Reinsurance Group of America

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.