GC Wealth Management RIA LLC Takes Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

GC Wealth Management RIA LLC purchased a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 941 shares of the insurance provider’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Daiwa Securities Group Inc. raised its holdings in Reinsurance Group of America by 28.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,600 shares of the insurance provider’s stock worth $769,000 after purchasing an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Reinsurance Group of America by 28.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,665 shares of the insurance provider’s stock valued at $9,969,000 after purchasing an additional 10,206 shares during the period. Machina Capital S.A.S. raised its stake in Reinsurance Group of America by 77.9% during the 4th quarter. Machina Capital S.A.S. now owns 1,827 shares of the insurance provider’s stock valued at $390,000 after purchasing an additional 800 shares during the period. Jackson Creek Investment Advisors LLC increased its stake in shares of Reinsurance Group of America by 4.0% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 4,973 shares of the insurance provider’s stock worth $1,062,000 after acquiring an additional 192 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of Reinsurance Group of America in the fourth quarter worth $249,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RGA has been the topic of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Barclays dropped their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Piper Sandler lowered their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Morgan Stanley reduced their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $229.62.

Reinsurance Group of America Price Performance

RGA opened at $187.69 on Thursday. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 17.48 and a beta of 0.91. 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 firm has a 50-day moving average price of $211.01 and a 200-day moving average price of $215.29. Reinsurance Group of America, Incorporated has a twelve month low of $178.84 and a twelve month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.90%. Reinsurance Group of America’s payout ratio is 33.15%.

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.