Quantinno Capital Management LP Raises Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Quantinno Capital Management LP raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,124 shares of the insurance provider's stock after purchasing an additional 1,646 shares during the quarter. Quantinno Capital Management LP's holdings in Reinsurance Group of America were worth $4,726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RGA. Colonial Trust Co SC raised its position in Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after buying an additional 57 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Reinsurance Group of America during the fourth quarter valued at about $44,000. Private Trust Co. NA lifted its position in shares of Reinsurance Group of America by 99.4% during the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after purchasing an additional 155 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in Reinsurance Group of America during the fourth quarter worth about $70,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RGA has been the subject of several analyst reports. Piper Sandler decreased their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company 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 report on Tuesday, May 6th. JPMorgan Chase & Co. raised Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price target for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Royal Bank of Canada reissued an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, Evercore ISI decreased their target price on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and a consensus target price of $228.85.

Reinsurance Group of America Stock Performance

RGA traded down $4.41 during trading hours on Wednesday, hitting $203.83. The stock had a trading volume of 317,056 shares, compared to its average volume of 408,294. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The company's fifty day simple moving average is $191.61 and its 200 day simple moving average is $206.71. The stock has a market cap of $13.47 billion, a PE ratio of 18.98 and a beta of 0.57. 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 (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.33. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The company's revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the company earned $6.02 earnings per share. Equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a $0.89 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a yield of 1.75%. Reinsurance Group of America's dividend payout ratio is 30.04%.

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.