Jump Financial LLC Purchases New Shares in Reinsurance Group of America, Incorporated $RGA

Key Points

• Jump Financial LLC purchased 12,472 shares of Reinsurance Group of America, valued at approximately $2,456,000, signaling investor confidence in the company's performance.
• Reinsurance Group of America reported $4.72 earnings per share for the quarter, missing estimates and showcasing a 14.8% increase in revenue year-over-year despite the shortfall.
• The company announced a quarterly dividend increase to $0.93, reflecting a robust dividend yield of 1.9%, enhancing its appeal to investors.

Jump Financial LLC acquired a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 12,472 shares of the insurance provider's stock, valued at approximately $2,456,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dark Forest Capital Management LP bought a new position in Reinsurance Group of America during the fourth quarter worth about $311,000. Price T Rowe Associates Inc. MD grew its position in shares of Reinsurance Group of America by 10.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 65,043 shares of the insurance provider's stock worth $13,896,000 after purchasing an additional 6,339 shares in the last quarter. Northern Trust Corp grew its position in shares of Reinsurance Group of America by 17.4% during the 4th quarter. Northern Trust Corp now owns 698,600 shares of the insurance provider's stock worth $149,242,000 after purchasing an additional 103,719 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of Reinsurance Group of America by 41.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 30,450 shares of the insurance provider's stock worth $6,505,000 after purchasing an additional 8,935 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at approximately $209,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Wall Street Analyst Weigh In

RGA has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. JPMorgan Chase & Co. raised their price target on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Morgan Stanley dropped their price target on Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $242.27.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $192.40 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.16. 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 $12.72 billion, a P/E ratio of 16.70 and a beta of 0.61. The stock has a fifty day moving average of $192.60 and a 200-day moving average of $194.06.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing the consensus estimate of $5.58 by ($0.86). Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the business earned $5.48 earnings per share. The business's quarterly revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, August 12th. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.89. Reinsurance Group of America's dividend payout ratio is 32.29%.

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.

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