Insight Wealth Strategies LLC Has $4.31 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Insight Wealth Strategies LLC boosted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,158 shares of the insurance provider’s stock after purchasing an additional 3,873 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Reinsurance Group of America were worth $4,306,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its stake in Reinsurance Group of America by 10.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,934 shares of the insurance provider’s stock worth $1,013,000 after buying an additional 484 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Reinsurance Group of America by 8.0% during the 2nd quarter. CIBC Asset Management Inc now owns 2,225 shares of the insurance provider’s stock valued at $457,000 after purchasing an additional 165 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Reinsurance Group of America by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 18,409 shares of the insurance provider’s stock valued at $3,779,000 after purchasing an additional 297 shares in the last quarter. Candriam S.C.A. increased its stake in Reinsurance Group of America by 6.8% during the 2nd quarter. Candriam S.C.A. now owns 23,855 shares of the insurance provider’s stock worth $4,896,000 after purchasing an additional 1,527 shares in the last quarter. Finally, Savant Capital LLC raised its holdings in Reinsurance Group of America by 5.1% during the 2nd quarter. Savant Capital LLC now owns 6,494 shares of the insurance provider’s stock worth $1,333,000 after buying an additional 318 shares during the period. Institutional investors own 95.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on RGA. Raymond James upped their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 24th. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company boosted their price target on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Royal Bank of Canada increased their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $227.54.

Reinsurance Group of America Stock Performance

Shares of RGA traded down $0.08 during midday trading on Monday, reaching $218.59. The stock had a trading volume of 335,719 shares, compared to its average volume of 420,135. The firm has a market cap of $14.40 billion, a PE ratio of 20.07 and a beta of 0.93. The firm has a 50 day simple moving average of $218.98 and a 200-day simple moving average of $214.93. Reinsurance Group of America, Incorporated has a one year low of $163.81 and a one year high of $233.81. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the business earned $5.57 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is 32.69%.

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.