Wealth Alliance Trims Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Wealth Alliance cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,247 shares of the insurance provider’s stock after selling 133 shares during the quarter. Wealth Alliance’s holdings in Reinsurance Group of America were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eagle Asset Management Inc. lifted its position in Reinsurance Group of America by 15.7% in the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock valued at $25,297,000 after acquiring an additional 15,289 shares during the last quarter. Martin Capital Partners LLC purchased a new stake in Reinsurance Group of America in the fourth quarter valued at $1,788,000. Nordea Investment Management AB lifted its position in Reinsurance Group of America by 4.8% in the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock valued at $19,232,000 after acquiring an additional 4,119 shares during the last quarter. Pacer Advisors Inc. lifted its position in Reinsurance Group of America by 23.8% in the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock valued at $3,077,000 after acquiring an additional 2,768 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Reinsurance Group of America by 7.9% in the third quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock valued at $16,862,000 after acquiring an additional 5,699 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RGA shares. Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Barclays dropped their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Piper Sandler dropped their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Three 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’s stock. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average target price of $229.54.

Reinsurance Group of America Trading Down 3.4 %

Shares of Reinsurance Group of America stock opened at $189.40 on Friday. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 17.63 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 52-week low of $169.08 and a 52-week high of $233.81. The company’s 50-day simple moving average is $215.37 and its 200-day simple moving average is $216.15. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 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%. As a group, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.88 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend 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.