Wealth Enhancement Advisory Services LLC Raises Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Wealth Enhancement Advisory Services LLC boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 27.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,355 shares of the insurance provider's stock after acquiring an additional 1,383 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Reinsurance Group of America were worth $1,358,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Colonial Trust Co SC increased its position 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 valued at $29,000 after purchasing an additional 57 shares during the last quarter. Spire Wealth Management increased its position in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Reinsurance Group of America during the 4th quarter valued at about $44,000. Private Trust Co. NA increased its position in shares of Reinsurance Group of America by 99.4% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after purchasing an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in Reinsurance Group of America during the 4th quarter worth approximately $70,000. 95.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RGA shares. Morgan Stanley set a $209.00 price objective on Reinsurance Group of America and gave the stock an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods lifted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Wells Fargo & Company lifted their target price on Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. UBS Group reaffirmed a "neutral" rating and issued a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Finally, Raymond James reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.85.

Reinsurance Group of America Trading Down 1.8%

NYSE:RGA traded down $3.69 during trading hours on Wednesday, reaching $198.23. 639,895 shares of the stock were exchanged, compared to its average volume of 414,599. 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 business has a 50-day moving average of $194.29 and a two-hundred day moving average of $204.22. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 18.46 and a beta of 0.63.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $0.33. The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Reinsurance Group of America's revenue was down 17.0% compared to the same quarter last year. During the same period last year, the business posted $6.02 earnings per share. On average, equities analysts predict 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 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 1.80%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 30.04%.

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.