Bain Capital Public Equity LP Invests $6.10 Million in Reinsurance Group of America, Incorporated (NYSE:RGA)

Bain Capital Public Equity LP acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,546 shares of the insurance provider's stock, valued at approximately $6,098,000. Reinsurance Group of America makes up approximately 4.0% of Bain Capital Public Equity LP's investment portfolio, making the stock its 12th largest position.

Other hedge funds have also recently bought and sold shares of the company. Algert Global LLC boosted its stake in shares of Reinsurance Group of America by 150.6% during the 4th quarter. Algert Global LLC now owns 9,930 shares of the insurance provider's stock worth $2,121,000 after acquiring an additional 5,968 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Reinsurance Group of America by 17.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,048 shares of the insurance provider's stock valued at $1,292,000 after purchasing an additional 893 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Reinsurance Group of America by 297.8% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 98,877 shares of the insurance provider's stock valued at $21,123,000 after purchasing an additional 74,018 shares during the period. Freestone Grove Partners LP acquired a new stake in shares of Reinsurance Group of America in the fourth quarter worth $12,354,000. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Reinsurance Group of America by 5.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 6,200 shares of the insurance provider's stock worth $1,325,000 after buying an additional 338 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA traded up $2.40 on Tuesday, hitting $198.59. The stock had a trading volume of 496,752 shares, compared to its average volume of 406,982. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 18.49 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. The firm's 50 day moving average price is $188.88 and its 200-day moving average price is $207.21. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same period in the prior year, the firm earned $6.02 earnings per share. The company's quarterly revenue was down 17.0% compared to the same quarter last year. On average, equities research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, May 13th. Reinsurance Group of America's payout ratio is presently 30.04%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RGA shares. Barclays dropped their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Morgan Stanley cut 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 research report on Friday, February 14th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. UBS Group restated a "neutral" rating and issued a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company raised their price objective on Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $230.31.

About Reinsurance Group of America

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.