Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 384.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,511 shares of the insurance provider’s stock after acquiring an additional 11,518 shares during the period. Quantbot Technologies LP’s holdings in Reinsurance Group of America were worth $3,100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Reinsurance Group of America during the fourth quarter valued at approximately $48,724,000. JPMorgan Chase & Co. raised its holdings in shares of Reinsurance Group of America by 47.7% during the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock valued at $79,512,000 after buying an additional 117,829 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Reinsurance Group of America by 2,791.1% during the fourth quarter. CIBC Asset Management Inc now owns 67,884 shares of the insurance provider’s stock valued at $14,502,000 after buying an additional 65,536 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Reinsurance Group of America by 121.1% during the fourth quarter. Handelsbanken Fonder AB now owns 97,300 shares of the insurance provider’s stock valued at $20,786,000 after buying an additional 53,300 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Reinsurance Group of America by 146.2% during the third quarter. Bank of Montreal Can now owns 77,409 shares of the insurance provider’s stock valued at $16,690,000 after buying an additional 45,972 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Down 0.0 %

Reinsurance Group of America stock opened at $191.53 on Friday. Reinsurance Group of America, Incorporated has a 1 year low of $178.84 and a 1 year high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 17.83 and a beta of 0.91. The firm’s 50 day moving average price is $207.05 and its two-hundred day moving average price is $214.02.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data 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 return on equity of 14.55% and a net margin of 3.24%. On average, research 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.86%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 33.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RGA shares. Barclays cut their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Evercore ISI dropped their target price on 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. JPMorgan Chase & Co. boosted their target price 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. Piper Sandler dropped 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $231.85.

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.