Laurel Wealth Advisors LLC Has $544,000 Holdings in Reinsurance Group of America, Incorporated $RGA

Laurel Wealth Advisors LLC trimmed its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 99.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,833 shares of the insurance provider’s stock after selling 558,985 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Reinsurance Group of America were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in Reinsurance Group of America by 44.3% during the first quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock valued at $43,554,000 after acquiring an additional 67,880 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Reinsurance Group of America by 121.2% during the 1st quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock worth $527,000 after purchasing an additional 1,466 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Reinsurance Group of America by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after purchasing an additional 58 shares during the last quarter. World Investment Advisors raised its holdings in shares of Reinsurance Group of America by 22.9% during the 2nd quarter. World Investment Advisors now owns 3,365 shares of the insurance provider’s stock valued at $667,000 after purchasing an additional 626 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Reinsurance Group of America by 42.0% in the 2nd quarter. Assetmark Inc. now owns 1,113 shares of the insurance provider’s stock valued at $221,000 after purchasing an additional 329 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $216.89 on Tuesday. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $229.21. The company has a market cap of $14.22 billion, a P/E ratio of 12.22 and a beta of 0.50. The business’s 50 day moving average is $207.59 and its two-hundred day moving average is $197.35. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, beating the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The company had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same period in the prior year, the business earned $4.99 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $3.72 dividend on an annualized basis and a yield of 1.7%. Reinsurance Group of America’s dividend payout ratio (DPR) is 20.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Piper Sandler reiterated an “overweight” rating and set a $263.00 price target on shares of Reinsurance Group of America in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Barclays set a $245.00 target price on Reinsurance Group of America and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Keefe, Bruyette & Woods decreased their target price on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $245.88.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.