Cubist Systematic Strategies LLC Sells 24,022 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Cubist Systematic Strategies LLC decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 88.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,130 shares of the insurance provider's stock after selling 24,022 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Reinsurance Group of America were worth $669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Reinsurance Group of America by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock worth $1,541,121,000 after purchasing an additional 51,733 shares during the last quarter. FMR LLC lifted its stake in shares of Reinsurance Group of America by 11.1% during the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after purchasing an additional 564,693 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of Reinsurance Group of America by 1.4% during the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock worth $526,911,000 after purchasing an additional 33,082 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Reinsurance Group of America by 389.4% during the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock worth $239,911,000 after purchasing an additional 893,537 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Reinsurance Group of America by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock worth $238,031,000 after purchasing an additional 4,106 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Down 0.0%

Shares of NYSE:RGA opened at $204.81 on Friday. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 19.07 and a beta of 0.57. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $190.29 and a 200-day moving average price of $206.84.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Reinsurance Group of America's quarterly revenue was down 17.0% on a year-over-year basis. During the same period last year, the business earned $6.02 earnings per share. Equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RGA shares. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price target for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Wells Fargo & Company increased their price target on Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Piper Sandler decreased their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods increased their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.

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