Point72 Hong Kong Ltd Sells 3,220 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Point72 Hong Kong Ltd decreased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 78.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 900 shares of the insurance provider’s stock after selling 3,220 shares during the period. Point72 Hong Kong Ltd’s holdings in Reinsurance Group of America were worth $192,000 at the end of the most recent quarter.

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

Reinsurance Group of America Trading Up 2.1%

Reinsurance Group of America stock opened at $209.26 on Friday. The stock has a 50-day simple moving average of $190.73 and a 200 day simple moving average of $206.82. The stock has a market capitalization of $13.83 billion, a P/E ratio of 19.48 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. 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 previous year, the company posted $6.02 EPS. The firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. Analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a $0.89 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 annualized dividend and a dividend yield of 1.70%. Reinsurance Group of America’s dividend payout ratio is currently 30.04%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RGA shares. Evercore ISI decreased their price target on shares of 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. UBS Group restated a “neutral” rating and set a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Morgan Stanley lowered their price target on shares of 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. Keefe, Bruyette & Woods boosted their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, Piper Sandler decreased their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $230.69.

Reinsurance Group of America 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.