Reinsurance Group of America, Incorporated $RGA Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 53.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,512 shares of the insurance provider’s stock after selling 6,253 shares during the period. XTX Topco Ltd’s holdings in Reinsurance Group of America were worth $1,093,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC boosted its position in Reinsurance Group of America by 357.1% in the 1st quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 175 shares in the last quarter. SouthState Corp acquired a new position in shares of Reinsurance Group of America in the 1st quarter valued at $48,000. Oakworth Capital Inc. boosted its holdings in Reinsurance Group of America by 32.4% during the second quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock worth $49,000 after buying an additional 60 shares in the last quarter. IFP Advisors Inc boosted its holdings in Reinsurance Group of America by 93.9% during the second quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock worth $57,000 after buying an additional 138 shares in the last quarter. Finally, True Wealth Design LLC grew its position in Reinsurance Group of America by 1,323.8% during the second quarter. True Wealth Design LLC now owns 299 shares of the insurance provider’s stock valued at $59,000 after buying an additional 278 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Down 0.5%

RGA stock opened at $189.87 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $189.80 and a two-hundred day moving average of $193.29. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $232.97. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 16.48 and a beta of 0.62.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the previous year, the firm posted $6.13 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, November 10th. Reinsurance Group of America’s dividend payout ratio is presently 28.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RGA. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Barclays reaffirmed an “overweight” rating and issued a $246.00 price target on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Morgan Stanley lowered their price target on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Piper Sandler restated an “overweight” rating on shares of Reinsurance Group of America in a research report on Tuesday, October 7th. Finally, Raymond James Financial downgraded Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.89.

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.