Resonant Capital Advisors LLC Has $861,000 Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Resonant Capital Advisors LLC lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,342 shares of the insurance provider’s stock after buying an additional 160 shares during the period. Resonant Capital Advisors LLC’s holdings in Reinsurance Group of America were worth $861,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its stake in shares of Reinsurance Group of America by 164.3% during the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider’s stock worth $29,000 after buying an additional 92 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Reinsurance Group of America by 224.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock worth $33,000 after buying an additional 121 shares during the last quarter. TCTC Holdings LLC boosted its stake in shares of Reinsurance Group of America by 107.2% during the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock worth $34,000 after buying an additional 89 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of Reinsurance Group of America by 357.1% during the 1st quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider’s stock worth $44,000 after buying an additional 175 shares during the last quarter. Finally, SouthState Corp acquired a new position in shares of Reinsurance Group of America during the 1st quarter worth about $48,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Piper Sandler restated an “overweight” rating on shares of Reinsurance Group of America in a research note on Tuesday, October 7th. Morgan Stanley cut their target price on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Wells Fargo & Company cut their target price on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Finally, Barclays reiterated an “overweight” rating and issued a $246.00 target price on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $241.56.

Reinsurance Group of America Stock Down 0.2%

Reinsurance Group of America stock opened at $189.46 on Monday. The stock has a market cap of $12.52 billion, a P/E ratio of 16.45 and a beta of 0.60. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The company’s 50-day moving average price is $191.76 and its two-hundred day moving average price is $193.71.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing the consensus estimate of $5.58 by ($0.86). The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.70 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $5.48 earnings per share. As a group, analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Increases Dividend

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

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.