Vaughan David Investments LLC IL Has $51.71 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Vaughan David Investments LLC IL lessened its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 242,034 shares of the insurance provider’s stock after selling 4,417 shares during the quarter. Reinsurance Group of America accounts for approximately 1.2% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 20th biggest position. Vaughan David Investments LLC IL owned about 0.37% of Reinsurance Group of America worth $51,706,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of RGA. Creative Planning boosted its holdings in shares of Reinsurance Group of America by 3.1% in the 3rd quarter. Creative Planning now owns 10,370 shares of the insurance provider’s stock valued at $2,259,000 after purchasing an additional 314 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Reinsurance Group of America by 4.2% during the 3rd quarter. Private Advisor Group LLC now owns 4,169 shares of the insurance provider’s stock valued at $908,000 after acquiring an additional 169 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Reinsurance Group of America by 23,595.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,463 shares of the insurance provider’s stock valued at $7,073,000 after acquiring an additional 32,326 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at $233,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Reinsurance Group of America by 34.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,972 shares of the insurance provider’s stock valued at $1,083,000 after acquiring an additional 1,271 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of RGA stock opened at $199.43 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The company has a market capitalization of $13.13 billion, a P/E ratio of 18.57 and a beta of 0.93. The company’s 50-day simple moving average is $214.67 and its two-hundred day simple moving average is $216.38. Reinsurance Group of America, Incorporated has a one year low of $171.84 and a one year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share 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 analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.79%. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Analyst Ratings Changes

Several brokerages have commented on RGA. Piper Sandler cut their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Barclays lowered their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Morgan Stanley reduced their price objective 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. Finally, JPMorgan Chase & Co. raised their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $229.54.

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.