2 weeks Ago By ABMN Staff
HB Wealth Management LLC increased its position in shares of Reinsurance Group of America, Incorporated ( NYSE:RGA – Free Report ) by 83.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,141 shares of the insurance provider’s stock after purchasing an additional 975 shares during the period.
HB Wealth Management LLC’s holdings in Reinsurance Group of America were worth $440,000 as of its most recent SEC filing. A number of other hedge funds have also recently added to or reduced their stakes in RGA. Covestor Ltd grew its holdings in Reinsurance Group of America by 20.
3% during the first quarter. Covestor Ltd now owns 374 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 63 shares during the period. GAMMA Investing LLC increased its holdings in Reinsurance Group of America by 16.
5% in the second quarter. GAMMA Investing LLC now owns 559 shares of the insurance provider’s stock valued at $115,000 after buying an additional 79 shares in the last quarter. Hilltop National Bank boosted its stake in shares of Reinsurance Group of America by 13.
1% during the 2nd quarter. Hilltop National Bank now owns 706 shares of the insurance provider’s stock worth $145,000 after acquiring an additional 82 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Reinsurance Group of America by 2.
2% in the 4th quarter. Private Advisor Group LLC now owns 4,246 shares of the insurance provider’s stock worth $687,000 after acquiring an additional 92 shares during the period. Finally, Oliver Luxxe Assets LLC increased its stake in Reinsurance Group of America by 2.
2% in the 1st quarter. Oliver Luxxe Assets LLC now owns 4,791 shares of the insurance provider’s stock valued at $924,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 95.
11% of the company’s stock. Reinsurance Group of America Trading Down 0.5 % Shares of RGA stock opened at $217.
15 on Friday. Reinsurance Group of America, Incorporated has a 1-year low of $135.57 and a 1-year high of $227.
87. The firm’s 50-day simple moving average is $210.02 and its 200-day simple moving average is $198.
32. The firm has a market cap of $14.29 billion, a P/E ratio of 16.
87 and a beta of 0.92. The company has a debt-to-equity ratio of 0.
52, a current ratio of 0.17 and a quick ratio of 0.17.
Reinsurance Group of America Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.89 per share.
This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.
56 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, August 9th.
Reinsurance Group of America’s payout ratio is currently 27.66%. Analyst Upgrades and Downgrades Several analysts have weighed in on the company.
Wells Fargo & Company upped their target price on Reinsurance Group of America from $236.00 to $239.00 and gave the company an “overweight” rating in a report on Friday, August 9th.
Piper Sandler upped their price target on shares of Reinsurance Group of America from $228.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, June 28th.
Citigroup raised their price objective on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd.
Jefferies Financial Group increased their target price on Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, July 10th.
Finally, Morgan Stanley cut their price target on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating for the company in a report on Monday, August 19th.
Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.45.
Get Our Latest Analysis on RGA 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. Featured Stories Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Reinsurance Group of America, Incorporated ( NYSE:RGA – Free Report ). Receive News & Ratings for Reinsurance Group of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America and related companies with MarketBeat.com's FREE daily email newsletter .
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