Tidal Investments LLC Grows Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Tidal Investments LLC lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 6,944.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,368 shares of the insurance provider's stock after buying an additional 281,317 shares during the quarter. Tidal Investments LLC owned about 0.43% of Reinsurance Group of America worth $60,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RGA. Spire Wealth Management increased its position in shares of Reinsurance Group of America by 39.0% during the fourth 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 period. Colonial Trust Co SC grew its stake in Reinsurance Group of America by 72.2% during the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 57 shares in the last quarter. Keybank National Association OH increased its holdings in Reinsurance Group of America by 2.6% during the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock worth $500,000 after acquiring an additional 59 shares during the period. Inspire Investing LLC lifted its stake in Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock worth $3,039,000 after purchasing an additional 72 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its holdings in Reinsurance Group of America by 2.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider's stock valued at $715,000 after purchasing an additional 77 shares during the period. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Price Performance

NYSE RGA traded down $3.07 on Friday, reaching $199.82. 180,358 shares of the company's stock traded hands, compared to its average volume of 407,807. The stock has a market cap of $13.21 billion, a PE ratio of 18.58 and a beta of 0.57. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The stock has a 50-day simple moving average of $192.05 and a 200 day simple moving average of $206.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

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, beating the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The firm's quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $6.02 EPS. As a group, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.78%. Reinsurance Group of America's dividend payout ratio (DPR) is currently 30.04%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RGA shares. Evercore ISI lowered their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Raymond James reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a report on Friday. Royal Bank of Canada reiterated an "outperform" rating and set a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. 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. Finally, Piper Sandler lowered their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and an average target price 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.