Entropy Technologies LP Reduces Position in Reinsurance Group of America, Incorporated $RGA

Entropy Technologies LP lessened its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,000 shares of the insurance provider’s stock after selling 3,199 shares during the period. Entropy Technologies LP’s holdings in Reinsurance Group of America were worth $5,290,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB boosted its position in shares of Reinsurance Group of America by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 570,631 shares of the insurance provider’s stock valued at $116,597,000 after buying an additional 20,722 shares during the period. Tudor Investment Corp ET AL raised its stake in shares of Reinsurance Group of America by 616.3% during the third quarter. Tudor Investment Corp ET AL now owns 60,870 shares of the insurance provider’s stock valued at $11,695,000 after acquiring an additional 52,372 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Reinsurance Group of America by 49.4% during the third quarter. Bank of Montreal Can now owns 252,159 shares of the insurance provider’s stock valued at $48,447,000 after acquiring an additional 83,371 shares in the last quarter. Bahl & Gaynor Inc. raised its stake in shares of Reinsurance Group of America by 18.6% during the third quarter. Bahl & Gaynor Inc. now owns 604,664 shares of the insurance provider’s stock valued at $116,174,000 after acquiring an additional 94,894 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Reinsurance Group of America by 4.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,098,564 shares of the insurance provider’s stock valued at $211,054,000 after acquiring an additional 49,323 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA opened at $210.63 on Friday. The company has a market capitalization of $13.80 billion, a price-to-earnings ratio of 11.41 and a beta of 0.47. Reinsurance Group of America, Incorporated has a 52 week low of $165.52 and a 52 week high of $229.21. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $208.20 and a 200 day moving average of $205.62.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. Reinsurance Group of America’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.66 earnings per share. On average, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Reinsurance Group of America’s payout ratio is currently 20.15%.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP John W. Hayden sold 414 shares of Reinsurance Group of America stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the transaction, the executive vice president directly owned 20,949 shares of the company’s stock, valued at approximately $4,502,987.55. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ronald Herrmann sold 7,000 shares of Reinsurance Group of America stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the completion of the transaction, the executive vice president directly owned 3,938 shares in the company, valued at $829,264.04. This represents a 64.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

RGA has been the subject of several research analyst reports. Morgan Stanley lifted their price target on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Evercore reaffirmed an “outperform” rating and set a $267.00 price target on shares of Reinsurance Group of America in a research note on Monday, May 18th. UBS Group boosted their price objective on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Piper Sandler reduced their price objective on shares of Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.25.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.