Point72 Europe London LLP Sells 507 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Point72 Europe London LLP reduced its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,358 shares of the insurance provider’s stock after selling 507 shares during the quarter. Point72 Europe London LLP’s holdings in Reinsurance Group of America were worth $12,894,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Colonial Trust Co SC increased 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 worth $29,000 after purchasing an additional 57 shares in the last quarter. Spire Wealth Management increased its stake in Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after buying an additional 57 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Reinsurance Group of America during the 4th quarter worth about $44,000. Private Trust Co. NA boosted its position in Reinsurance Group of America by 99.4% during the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock valued at $66,000 after purchasing an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new stake in shares of Reinsurance Group of America during the 4th quarter worth approximately $70,000. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore ISI dropped their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. UBS Group reiterated a “neutral” rating and issued a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. 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. JPMorgan Chase & Co. upgraded shares of 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 research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.69.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $204.43 on Thursday. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 19.03 and a beta of 0.57. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The business has a 50 day moving average of $189.92 and a 200 day moving average of $206.90. 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 released its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the prior year, the firm earned $6.02 earnings per share. Reinsurance Group of America’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 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 annualized dividend and a dividend yield of 1.74%. Reinsurance Group of America’s payout ratio is 30.04%.

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.