2,443 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Acquired by Teza Capital Management LLC

Teza Capital Management LLC acquired a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,443 shares of the insurance provider's stock, valued at approximately $522,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Tidal Investments LLC lifted its position in shares of Reinsurance Group of America by 6,944.4% in the fourth quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock valued at $60,963,000 after acquiring an additional 281,317 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in Reinsurance Group of America by 181.3% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,978 shares of the insurance provider's stock valued at $850,000 after purchasing an additional 2,564 shares during the last quarter. ProShare Advisors LLC increased its stake in Reinsurance Group of America by 48.3% in the fourth quarter. ProShare Advisors LLC now owns 4,259 shares of the insurance provider's stock valued at $910,000 after purchasing an additional 1,388 shares during the last quarter. Quantinno Capital Management LP increased its stake in Reinsurance Group of America by 8.0% in the fourth quarter. Quantinno Capital Management LP now owns 22,124 shares of the insurance provider's stock valued at $4,726,000 after purchasing an additional 1,646 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Reinsurance Group of America in the fourth quarter valued at $1,867,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Performance

NYSE:RGA traded down $3.00 during trading hours on Friday, reaching $199.89. 373,744 shares of the stock were exchanged, compared to its average volume of 409,981. 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 firm has a 50 day simple moving average of $192.23 and a 200-day simple moving average of $206.39. 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 capitalization of $13.21 billion, a P/E ratio of 18.61 and a beta of 0.57.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the business posted $6.02 EPS. Reinsurance Group of America's quarterly revenue was down 17.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share 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. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is presently 30.04%.

Wall Street Analyst Weigh In

RGA has been the subject of several analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Wells Fargo & Company upped their target price 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. Keefe, Bruyette & Woods upped their target price 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. Raymond James reiterated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday. Finally, UBS Group reiterated a "neutral" rating and issued a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Reinsurance Group of America currently 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.