Orion Portfolio Solutions LLC Invests $2.03 Million in Reinsurance Group of America, Incorporated (NYSE:RGA)

Orion Portfolio Solutions LLC bought a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 9,507 shares of the insurance provider’s stock, valued at approximately $2,031,000.

Other institutional investors also recently bought and sold shares of the company. Spire Wealth Management lifted its holdings 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 purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America during the 4th quarter valued at about $44,000. Versant Capital Management Inc raised its stake in Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after buying an additional 80 shares during the last quarter. Private Trust Co. NA boosted its holdings in Reinsurance Group of America by 99.4% in the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock worth $66,000 after acquiring an additional 155 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Reinsurance Group of America during the fourth quarter worth about $70,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RGA shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. UBS Group reissued a “neutral” rating and set a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday. Evercore ISI reduced their target price on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Morgan Stanley dropped their price target on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $232.00 to $237.00 in a research note on Wednesday. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $230.38.

Reinsurance Group of America Stock Performance

RGA opened at $199.89 on Thursday. The firm has a fifty day moving average price of $203.41 and a 200 day moving average price of $213.23. Reinsurance Group of America, Incorporated has a 1 year low of $178.84 and a 1 year high of $233.81. The stock has a market cap of $13.20 billion, a P/E ratio of 18.61 and a beta of 0.91. 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 (NYSE:RGA) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.78%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s payout ratio is currently 33.15%.

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.