Dark Forest Capital Management LP Buys Shares of 1,454 Reinsurance Group of America, Incorporated (NYSE:RGA)

Dark Forest Capital Management LP bought a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,454 shares of the insurance provider's stock, valued at approximately $311,000.

Other large investors have also recently bought and sold shares of the company. Spire Wealth Management grew its holdings in Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after buying an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Reinsurance Group of America during the 4th quarter valued at $44,000. Versant Capital Management Inc grew its holdings in Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after buying an additional 80 shares during the last quarter. Private Trust Co. NA grew its holdings in Reinsurance Group of America by 99.4% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after buying an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Reinsurance Group of America during the fourth quarter worth $70,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Up 1.4 %

Shares of NYSE:RGA opened at $190.65 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The company has a 50 day moving average of $189.38 and a two-hundred day moving average of $208.17. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 17.75 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. As a group, analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is 33.15%.

Analyst Ratings Changes

RGA has been the topic of several analyst reports. Morgan Stanley decreased their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Piper Sandler decreased their price objective 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. UBS Group restated a "neutral" rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Barclays decreased their price objective on 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. Finally, Keefe, Bruyette & Woods reduced their target price on Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Three 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $230.15.

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.

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