Corient Private Wealth LLC Trims Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Corient Private Wealth LLC lowered its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 302,862 shares of the insurance provider’s stock after selling 4,397 shares during the quarter. Corient Private Wealth LLC owned about 0.46% of Reinsurance Group of America worth $64,699,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RGA. Private Trust Co. NA grew its stake in shares of Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 120 shares during the last quarter. Strengthening Families & Communities LLC purchased a new position in Reinsurance Group of America in the 3rd quarter valued at $36,000. Spire Wealth Management increased its stake in Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after buying an additional 57 shares during the period. SBI Securities Co. Ltd. purchased a new position in Reinsurance Group of America during the 4th quarter worth $44,000. Finally, Versant Capital Management Inc lifted its stake in shares of Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

RGA has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. JPMorgan Chase & Co. raised their price target on 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 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Barclays reduced their target price 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. Finally, Wells Fargo & Company increased their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Three investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $231.85.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $191.98 on Monday. Reinsurance Group of America, Incorporated has a 12-month low of $178.84 and a 12-month high of $233.81. The stock has a market cap of $12.68 billion, a P/E ratio of 17.88 and a beta of 0.91. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $209.88 and a two-hundred day moving average of $214.95.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, research 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s payout ratio is currently 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.