Edgestream Partners L.P. Purchases Shares of 4,785 Reinsurance Group of America, Incorporated (NYSE:RGA)

Edgestream Partners L.P. purchased a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,785 shares of the insurance provider's stock, valued at approximately $942,000.

Several other institutional investors have also recently made changes to their positions in RGA. Xponance Inc. raised its holdings in shares of Reinsurance Group of America by 7.0% in the fourth quarter. Xponance Inc. now owns 7,840 shares of the insurance provider's stock valued at $1,675,000 after buying an additional 516 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Reinsurance Group of America by 24.9% in the fourth quarter. Teacher Retirement System of Texas now owns 69,317 shares of the insurance provider's stock valued at $14,808,000 after buying an additional 13,830 shares during the last quarter. Magnetar Financial LLC raised its holdings in shares of Reinsurance Group of America by 138.3% in the fourth quarter. Magnetar Financial LLC now owns 18,239 shares of the insurance provider's stock valued at $3,896,000 after buying an additional 10,585 shares during the last quarter. Northwest & Ethical Investments L.P. raised its holdings in shares of Reinsurance Group of America by 1.2% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 32,123 shares of the insurance provider's stock valued at $6,862,000 after buying an additional 393 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of Reinsurance Group of America by 2,300.0% in the fourth quarter. TD Private Client Wealth LLC now owns 768 shares of the insurance provider's stock valued at $164,000 after buying an additional 736 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

RGA traded up $4.25 during midday trading on Tuesday, reaching $195.95. The company had a trading volume of 324,884 shares, compared to its average volume of 410,432. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $199.93 and a two-hundred day moving average of $200.33. The company has a market cap of $12.95 billion, a P/E ratio of 16.54 and a beta of 0.62. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. The firm 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 13.69% and a net margin of 3.77%. The business's quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the firm earned $6.02 EPS. As a group, equities research analysts predict 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 business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Wells Fargo & Company reiterated an "overweight" rating and issued a $249.00 price target (up from $248.00) on shares of Reinsurance Group of America in a research report on Thursday, July 10th. UBS Group reiterated 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. Morgan Stanley increased their price target on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $245.00.

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.