Mosaic Family Wealth Partners LLC Has $4.76 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Mosaic Family Wealth Partners LLC grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 9.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,286 shares of the insurance provider's stock after buying an additional 1,951 shares during the period. Reinsurance Group of America makes up 0.7% of Mosaic Family Wealth Partners LLC's investment portfolio, making the stock its 21st biggest holding. Mosaic Family Wealth Partners LLC's holdings in Reinsurance Group of America were worth $4,761,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Spire Wealth Management raised its position 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 valued at $43,000 after buying an additional 57 shares during the last quarter. Colonial Trust Co SC increased its stake in Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 57 shares during the period. Keybank National Association OH increased its stake in Reinsurance Group of America by 2.6% in the fourth quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock valued at $500,000 after acquiring an additional 59 shares during the period. Inspire Investing LLC increased its stake in Reinsurance Group of America by 0.5% in the fourth quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock valued at $3,039,000 after acquiring an additional 72 shares during the period. Finally, UMB Bank n.a. increased its stake in Reinsurance Group of America by 4.9% in the fourth quarter. UMB Bank n.a. now owns 1,745 shares of the insurance provider's stock valued at $373,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 95.11% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on RGA shares. UBS Group reissued a "neutral" rating and issued a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Morgan Stanley set a $209.00 target price on shares of Reinsurance Group of America and gave the company an "equal weight" rating in a research note on Monday, May 19th. Wells Fargo & Company upped their target price on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Piper Sandler decreased their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $228.85.

Reinsurance Group of America Price Performance

Shares of RGA stock traded up $4.58 during trading hours on Tuesday, reaching $204.19. 90,784 shares of the company were exchanged, compared to its average volume of 408,760. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The stock's fifty day moving average is $192.39 and its two-hundred day moving average is $206.13. The company has a market cap of $13.49 billion, a price-to-earnings ratio of 19.03 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the business earned $6.02 earnings per share. Reinsurance Group of America's quarterly revenue was down 17.0% on a year-over-year basis. Sell-side analysts forecast 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.74%. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Reinsurance Group of America 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.