Reinsurance Group of America, Incorporated $RGA Shares Sold by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 94.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,354 shares of the insurance provider’s stock after selling 21,630 shares during the period. Insight Wealth Strategies LLC’s holdings in Reinsurance Group of America were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Richard W. Paul & Associates LLC lifted its stake in Reinsurance Group of America by 3.7% in the second quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock valued at $302,000 after buying an additional 54 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Reinsurance Group of America by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after acquiring an additional 58 shares during the period. Oakworth Capital Inc. lifted its position in Reinsurance Group of America by 32.4% in the 2nd quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 60 shares during the last quarter. Paulson Wealth Management Inc. lifted its position in Reinsurance Group of America by 4.5% in the 2nd quarter. Paulson Wealth Management Inc. now owns 1,569 shares of the insurance provider’s stock valued at $311,000 after purchasing an additional 67 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Reinsurance Group of America by 3.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,021 shares of the insurance provider’s stock valued at $401,000 after purchasing an additional 69 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RGA. Piper Sandler reaffirmed an “overweight” rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. Morgan Stanley set a $208.00 target price on Reinsurance Group of America in a research note on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Barclays reissued an “overweight” rating and set a $246.00 price target on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.33.

Reinsurance Group of America Stock Up 0.3%

RGA opened at $203.93 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market capitalization of $13.40 billion, a PE ratio of 15.69 and a beta of 0.55. The stock’s fifty day moving average is $190.61 and its 200-day moving average is $192.52. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $232.97.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.57. The business had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $6.13 earnings per share. 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 disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were paid a $0.93 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. Reinsurance Group of America’s payout ratio is currently 28.62%.

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.