Laird Norton Wetherby Wealth Management LLC Sells 102 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Laird Norton Wetherby Wealth Management LLC decreased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,077 shares of the insurance provider’s stock after selling 102 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Reinsurance Group of America were worth $230,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Spire Wealth Management boosted its stake in 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 purchasing an additional 57 shares during the period. Colonial Trust Co SC boosted its stake in Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 57 shares during the period. Keybank National Association OH boosted its stake in Reinsurance Group of America by 2.6% during the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider’s stock valued at $500,000 after purchasing an additional 59 shares during the period. Inspire Investing LLC boosted its stake in Reinsurance Group of America by 0.5% during the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock valued at $3,039,000 after purchasing an additional 72 shares during the period. Finally, Integrated Investment Consultants LLC boosted its stake in Reinsurance Group of America by 2.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider’s stock valued at $715,000 after purchasing an additional 77 shares during the period. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Piper Sandler cut their price target on 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 cut their price target on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. JPMorgan Chase & Co. raised Reinsurance Group of America from a “neutral” rating to an “overweight” rating and upped their price target for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Evercore ISI cut their price target on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Finally, Wells Fargo & Company upped their price target on Reinsurance Group of America from $246.00 to $248.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $230.69.

Reinsurance Group of America Trading Up 2.1%

Shares of RGA opened at $209.26 on Friday. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $190.73 and a 200-day simple moving average of $206.77. The stock has a market cap of $13.83 billion, a PE ratio of 19.48 and a beta of 0.57.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The firm had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same period last year, the firm posted $6.02 EPS. The business’s revenue was down 17.0% on a year-over-year basis. On average, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.89 per share. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a yield of 1.70%. Reinsurance Group of America’s dividend payout ratio is 30.04%.

About Reinsurance Group of America

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.