Consolidated Planning Corp Boosts Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Consolidated Planning Corp boosted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 14.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,863 shares of the insurance provider’s stock after buying an additional 479 shares during the quarter. Consolidated Planning Corp’s holdings in Reinsurance Group of America were worth $825,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA raised its position in Reinsurance Group of America by 333.3% during the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after buying an additional 120 shares during the last quarter. Wolff Wiese Magana LLC purchased a new position in Reinsurance Group of America during the 3rd quarter worth approximately $34,000. Strengthening Families & Communities LLC purchased a new position in Reinsurance Group of America during the 3rd quarter worth approximately $36,000. Capital Performance Advisors LLP purchased a new position in Reinsurance Group of America during the 3rd quarter worth approximately $37,000. Finally, Spire Wealth Management raised its position in Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after buying an additional 57 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $198.95 on Thursday. The company’s fifty day moving average price is $217.62 and its 200 day moving average price is $217.10. Reinsurance Group of America, Incorporated has a 1 year low of $165.38 and a 1 year high of $233.81. The stock has a market capitalization of $13.10 billion, a P/E ratio of 18.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) 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 14.80%. As a group, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 23.14 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.79%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 33.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Piper Sandler reduced their price target 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. Barclays cut their target price on shares of 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. JPMorgan Chase & Co. lifted their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday. Finally, StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $228.31.

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.