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Cerity Partners LLC Grows Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Reinsurance Group of America logo with Finance background

Cerity Partners LLC raised its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 10.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,189 shares of the insurance provider's stock after buying an additional 2,791 shares during the period. Cerity Partners LLC's holdings in Reinsurance Group of America were worth $5,747,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new position in Reinsurance Group of America in the 1st quarter worth $28,000. Colonial Trust Co SC increased its holdings in shares of Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after purchasing an additional 57 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of 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 worth $29,000 after purchasing an additional 92 shares during the period. Cornerstone Planning Group LLC increased its holdings in shares of 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 worth $33,000 after purchasing an additional 121 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of 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 worth $61,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 95.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wells Fargo & Company reiterated an "overweight" rating and set a $249.00 target price (up from $248.00) on shares of Reinsurance Group of America in a research report on Thursday, July 10th. UBS Group reiterated a "neutral" rating and set a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Morgan Stanley lifted their target price on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and an average price target of $245.00.

View Our Latest Stock Analysis on RGA

Reinsurance Group of America Price Performance

Shares of RGA traded down $2.79 during mid-day trading on Friday, reaching $194.90. The company had a trading volume of 416,159 shares, compared to its average volume of 411,140. The company's 50 day simple moving average is $199.93 and its 200 day simple moving average is $200.44. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 16.45 and a beta of 0.62.

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 the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The business had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same period last year, the company earned $6.02 EPS. The firm's revenue was down 17.0% compared to the same quarter last year. Analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a $0.89 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $3.56 annualized dividend and a dividend yield of 1.83%. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Reinsurance Group of America Profile

(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.

Further Reading

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

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