Laurel Wealth Advisors LLC Cuts Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Laurel Wealth Advisors LLC decreased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,008 shares of the insurance provider’s stock after selling 145 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Reinsurance Group of America were worth $487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of RGA. Lindbrook Capital LLC boosted its stake in Reinsurance Group of America by 129.9% in the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after buying an additional 87 shares in the last quarter. VisionPoint Advisory Group LLC boosted its stake in Reinsurance Group of America by 116.3% in the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after buying an additional 114 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in Reinsurance Group of America by 41.2% in the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock worth $39,000 after buying an additional 70 shares in the last quarter. Covestor Ltd boosted its stake in Reinsurance Group of America by 532.8% in the third quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock worth $62,000 after buying an additional 357 shares in the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new stake in Reinsurance Group of America in the fourth quarter worth approximately $72,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analysts Set New Price Targets

RGA has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $170.00 to $189.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. UBS Group boosted their price objective on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Evercore ISI boosted their price objective on Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley boosted their price objective on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.38.

Reinsurance Group of America Stock Down 1.2 %

Shares of NYSE:RGA traded down $2.28 on Friday, hitting $188.78. 429,874 shares of the company traded hands, compared to its average volume of 318,230. Reinsurance Group of America, Incorporated has a 52 week low of $133.13 and a 52 week high of $196.25. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $184.46 and a 200-day simple moving average of $169.58. The company has a market cap of $12.42 billion, a PE ratio of 14.06 and a beta of 0.89.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period last year, the company earned $2.99 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. As a group, research analysts expect that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were issued a $0.85 dividend. The ex-dividend date was Monday, February 12th. This represents a $3.40 annualized dividend and a yield of 1.80%. Reinsurance Group of America’s payout ratio is 25.32%.

Insider Buying and Selling

In related news, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the sale, the chief financial officer now directly owns 49,549 shares in the company, valued at approximately $9,061,521.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $171.83, for a total value of $272,866.04. Following the transaction, the executive vice president now directly owns 13,625 shares of the company’s stock, valued at $2,341,183.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd C. Larson sold 2,966 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the transaction, the chief financial officer now directly owns 49,549 shares in the company, valued at $9,061,521.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,462 shares of company stock worth $1,162,239. 1.37% of the stock is owned by corporate insiders.

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.