Reinsurance Group of America, Incorporated (NYSE:RGA) Stock Holdings Decreased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC trimmed its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 88.5% in the fourth quarter, according to its most recent disclosure with the Securities & 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RGA. Vanguard Group Inc. boosted its stake in Reinsurance Group of America by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock valued at $1,541,121,000 after acquiring an additional 51,733 shares in the last quarter. FMR LLC grew its stake in 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 buying an additional 564,693 shares during the last quarter. WCM Investment Management LLC grew its stake in 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 buying an additional 33,082 shares during the last quarter. Alliancebernstein L.P. increased its position in Reinsurance Group of America by 389.4% during the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock worth $239,911,000 after buying an additional 893,537 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Reinsurance Group of America by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock valued at $238,031,000 after acquiring an additional 4,106 shares during the period. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Down 0.7%

RGA traded down $1.55 on Wednesday, reaching $206.70. The company's stock had a trading volume of 22,776 shares, compared to its average volume of 407,180. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 19.29 and a beta of 0.57. The business's 50 day moving average is $191.61 and its 200 day moving average is $206.71.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS 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 analyst estimates of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The business's revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the company earned $6.02 earnings per share. As a group, research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.89 per share. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.72%. Reinsurance Group of America's payout ratio is 30.04%.

Analysts Set New Price Targets

A number of brokerages have recently commented on RGA. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Evercore ISI decreased their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company boosted their price target on Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, UBS Group reaffirmed a "neutral" rating and set a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $228.85.

Reinsurance Group of America Company 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.