LMG Wealth Partners LLC Grows Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

LMG Wealth Partners LLC lifted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,278 shares of the insurance provider’s stock after acquiring an additional 799 shares during the period. LMG Wealth Partners LLC’s holdings in Reinsurance Group of America were worth $1,555,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Ieq Capital LLC increased its holdings in Reinsurance Group of America by 291.9% in the 4th quarter. Ieq Capital LLC now owns 4,178 shares of the insurance provider’s stock valued at $892,000 after purchasing an additional 3,112 shares in the last quarter. Freedom Day Solutions LLC acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at about $1,916,000. Global Retirement Partners LLC raised its holdings in shares of Reinsurance Group of America by 69.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,312 shares of the insurance provider’s stock valued at $280,000 after buying an additional 539 shares during the period. Convergence Investment Partners LLC lifted its position in Reinsurance Group of America by 43.7% during the 4th quarter. Convergence Investment Partners LLC now owns 6,087 shares of the insurance provider’s stock worth $1,300,000 after acquiring an additional 1,850 shares in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in Reinsurance Group of America during the 4th quarter worth approximately $124,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RGA. Wells Fargo & Company lifted their price objective on shares of Reinsurance Group of America from $244.00 to $263.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Piper Sandler decreased their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Morgan Stanley dropped their target price on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Finally, Barclays reduced their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Three equities 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.54.

Reinsurance Group of America Stock Down 0.7 %

RGA stock opened at $199.41 on Thursday. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 18.57 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 1-year low of $167.80 and a 1-year high of $233.81. The firm has a fifty day moving average price of $215.90 and a two-hundred day moving average price of $216.41. 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 (NYSE:RGA) last announced its quarterly earnings data 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 net margin of 3.24% and a return on equity of 14.55%. Research analysts predict that Reinsurance Group of America, Incorporated will post 22.88 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared 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 1.79%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 33.15%.

Reinsurance Group of America 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.