Reinsurance Group of America, Incorporated $RGA Shares Sold by Whipplewood Advisors LLC

Whipplewood Advisors LLC lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 27.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 444 shares of the insurance provider’s stock after selling 167 shares during the period. Whipplewood Advisors LLC’s holdings in Reinsurance Group of America were worth $88,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RGA. Golden State Wealth Management LLC increased its holdings in shares of Reinsurance Group of America by 164.3% in the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 92 shares during the period. Cornerstone Planning Group LLC increased its holdings in shares of Reinsurance Group of America by 224.1% in the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 121 shares during the period. TCTC Holdings LLC grew its holdings in Reinsurance Group of America by 107.2% during the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 89 shares during the period. Headlands Technologies LLC grew its holdings in Reinsurance Group of America by 357.1% during the first quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 175 shares during the period. Finally, SouthState Corp acquired a new position in Reinsurance Group of America during the first quarter worth $48,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 0.2%

RGA opened at $189.46 on Monday. The business’s fifty day moving average is $191.76 and its two-hundred day moving average is $193.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 16.45 and a beta of 0.60. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing analysts’ consensus estimates of $5.58 by ($0.86). The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.48 earnings per share. Analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were given a $0.93 dividend. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.89. This represents a $3.72 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, August 12th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 32.29%.

Wall Street Analyst Weigh In

RGA has been the topic of a number of recent analyst reports. Piper Sandler reaffirmed an “overweight” rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. Barclays reaffirmed an “overweight” rating and set a $246.00 price objective on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Raymond James Financial lowered Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Morgan Stanley dropped their price objective on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Finally, Wells Fargo & Company dropped their price objective on Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $241.56.

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.