Orion Portfolio Solutions LLC Buys New Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Orion Portfolio Solutions LLC purchased a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,507 shares of the insurance provider’s stock, valued at approximately $2,031,000.

Several other institutional investors have also bought and sold shares of the business. Spire Wealth Management raised its position in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after buying an additional 57 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Reinsurance Group of America during the fourth quarter valued at approximately $44,000. Versant Capital Management Inc boosted its holdings in shares of Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 80 shares during the period. Private Trust Co. NA increased its position in shares of Reinsurance Group of America by 99.4% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock valued at $66,000 after purchasing an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in Reinsurance Group of America during the 4th quarter valued at $70,000. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

RGA stock opened at $199.89 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81. The business has a 50-day moving average price of $203.41 and a 200 day moving average price of $213.23. The company has a market capitalization of $13.20 billion, a P/E ratio of 18.61 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate 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%. As a group, equities research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared 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 was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.78%. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

Analysts Set New Price Targets

RGA has been the subject of several recent analyst reports. Piper Sandler dropped their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Evercore ISI cut their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Morgan Stanley decreased their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. UBS Group reiterated a “neutral” rating and issued a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday. Finally, JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $232.00 to $237.00 in a report on Wednesday. Three research 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 stock. According to data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average price target of $230.38.

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.