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Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Burling Wealth Partners LLC

Reinsurance Group of America logo with Finance background

Burling Wealth Partners LLC boosted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 84.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,986 shares of the insurance provider's stock after purchasing an additional 5,491 shares during the quarter. Burling Wealth Partners LLC's holdings in Reinsurance Group of America were worth $2,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RGA. Colonial Trust Co SC increased its stake in Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after acquiring an additional 57 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in shares of Reinsurance Group of America in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC boosted its holdings in Reinsurance Group of America by 164.3% during the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 92 shares during the period. Cornerstone Planning Group LLC boosted its holdings in Reinsurance Group of America by 224.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 121 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Reinsurance Group of America by 78.2% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 310 shares of the insurance provider's stock valued at $61,000 after acquiring an additional 136 shares during the period. Institutional investors own 95.11% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group reissued a "neutral" rating and issued a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Wells Fargo & Company reiterated an "overweight" rating and set a $249.00 price target (up previously from $248.00) on shares of Reinsurance Group of America in a research note on Thursday, July 10th. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods increased their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $245.00.

Read Our Latest Research Report on Reinsurance Group of America

Reinsurance Group of America Stock Down 1.4%

Reinsurance Group of America stock traded down $2.79 during midday trading on Friday, reaching $194.90. The company's stock had a trading volume of 416,159 shares, compared to its average volume of 411,140. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.50. The company has a market cap of $12.88 billion, a P/E ratio of 16.45 and a beta of 0.62. The business has a 50-day simple moving average of $199.93 and a 200-day simple moving average of $200.44.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 13.69% and a net margin of 3.77%. The business had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter in the previous year, the firm earned $6.02 earnings per share. The business's revenue was down 17.0% compared to the same quarter last year. On average, research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 30.04%.

About Reinsurance Group of America

(Free Report)

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.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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