Venturi Wealth Management LLC Boosts Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Venturi Wealth Management LLC boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 953.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,349 shares of the insurance provider’s stock after buying an additional 2,126 shares during the quarter. Venturi Wealth Management LLC’s holdings in Reinsurance Group of America were worth $502,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Private Trust Co. NA grew its holdings in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 120 shares during the last quarter. Strengthening Families & Communities LLC purchased a new position in shares of Reinsurance Group of America during the third quarter worth about $36,000. Capital Performance Advisors LLP purchased a new position in shares of Reinsurance Group of America during the third quarter worth about $37,000. Spire Wealth Management grew its holdings in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 57 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $199.41 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The company has a market cap of $13.13 billion, a P/E ratio of 18.57 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 52 week low of $167.80 and a 52 week high of $233.81. The company has a 50-day moving average price of $215.90 and a 200 day moving average price of $216.41.

Reinsurance Group of America (NYSE:RGA) last posted 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 14.55%. Research analysts predict 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 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. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.79%. Reinsurance Group of America’s payout ratio is 33.15%.

Analyst Upgrades and Downgrades

RGA has been the topic of several research reports. Piper Sandler dropped their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Wells Fargo & Company raised their price target on Reinsurance Group of America from $244.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley lowered their price target on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Three 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 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.