Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Magnetar Financial LLC

Magnetar Financial LLC grew its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 138.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,239 shares of the insurance provider’s stock after purchasing an additional 10,585 shares during the period. Magnetar Financial LLC’s holdings in Reinsurance Group of America were worth $3,896,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Teacher Retirement System of Texas increased its holdings in shares of Reinsurance Group of America by 24.9% during the fourth quarter. Teacher Retirement System of Texas now owns 69,317 shares of the insurance provider’s stock valued at $14,808,000 after purchasing an additional 13,830 shares during the period. Xponance Inc. grew its holdings in Reinsurance Group of America by 7.0% during the fourth quarter. Xponance Inc. now owns 7,840 shares of the insurance provider’s stock worth $1,675,000 after acquiring an additional 516 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Reinsurance Group of America by 9.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 32,241 shares of the insurance provider’s stock worth $6,888,000 after acquiring an additional 2,729 shares during the period. Avalon Trust Co acquired a new position in Reinsurance Group of America during the fourth quarter worth about $99,000. Finally, Natixis Advisors LLC grew its holdings in Reinsurance Group of America by 4.5% during the fourth quarter. Natixis Advisors LLC now owns 202,349 shares of the insurance provider’s stock worth $43,228,000 after acquiring an additional 8,651 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RGA. Piper Sandler lowered 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. Evercore ISI lowered 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. Wells Fargo & Company lifted their target price on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Finally, Barclays decreased their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Three investment 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 stock. Based on data from MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and a consensus price target of $231.85.

Reinsurance Group of America Trading Down 0.3 %

Shares of NYSE RGA opened at $191.40 on Friday. Reinsurance Group of America, Incorporated has a one year low of $178.84 and a one year high of $233.81. The firm has a market capitalization of $12.64 billion, a PE ratio of 17.82 and a beta of 0.91. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $207.55 and a two-hundred day moving average price of $214.25.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, 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 was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.86%. Reinsurance Group of America’s payout ratio is presently 33.15%.

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.