GC Wealth Management RIA LLC Invests $201,000 in Reinsurance Group of America, Incorporated (NYSE:RGA)

GC Wealth Management RIA LLC acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 941 shares of the insurance provider’s stock, valued at approximately $201,000.

Other hedge funds have also recently made changes to their positions in the company. Eagle Asset Management Inc. increased its stake in shares of 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 worth $25,297,000 after buying an additional 15,289 shares during the period. Principal Financial Group Inc. increased its stake in shares of Reinsurance Group of America by 19.2% in the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock worth $38,895,000 after buying an additional 29,352 shares during the period. Martin Capital Partners LLC purchased a new position in shares of Reinsurance Group of America in the fourth quarter worth $1,788,000. Nordea Investment Management AB increased its stake in shares of 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 worth $19,232,000 after buying an additional 4,119 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of 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 worth $3,077,000 after buying an additional 2,768 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on RGA shares. Morgan Stanley decreased their target price 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. Wells Fargo & Company lifted their target price on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Barclays reduced 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 report on Monday, January 6th. JPMorgan Chase & Co. boosted 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 report on Tuesday, January 7th. Finally, Piper Sandler reduced 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 report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $229.62.

Reinsurance Group of America Stock Up 0.2 %

NYSE:RGA opened at $187.69 on Thursday. The firm’s 50-day moving average price is $211.01 and its 200-day moving average price is $215.29. The company has a market capitalization of $12.39 billion, a PE ratio of 17.48 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share 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%. On average, equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio 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.