Two Sigma Investments LP Acquires 46,905 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Two Sigma Investments LP boosted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 57.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,022 shares of the insurance provider's stock after acquiring an additional 46,905 shares during the period. Two Sigma Investments LP owned 0.19% of Reinsurance Group of America worth $27,349,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Spire Wealth Management grew its stake in Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after buying an additional 57 shares in the last quarter. Colonial Trust Co SC grew its stake 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 worth $29,000 after buying an additional 57 shares in the last quarter. Keybank National Association OH grew its stake in Reinsurance Group of America by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock worth $500,000 after buying an additional 59 shares in the last quarter. Inspire Investing LLC grew 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 buying an additional 72 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Reinsurance Group of America by 4.9% in the 4th quarter. UMB Bank n.a. now owns 1,745 shares of the insurance provider's stock worth $373,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Up 2.3%

RGA traded up $4.52 during trading on Tuesday, hitting $204.13. 62,584 shares of the stock traded hands, compared to its average volume of 408,643. 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, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The firm has a market capitalization of $13.49 billion, a P/E ratio of 19.01 and a beta of 0.57. The firm has a 50-day moving average of $192.39 and a 200 day moving average of $206.13.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the business earned $6.02 EPS. The company's revenue for the quarter was down 17.0% on a year-over-year basis. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.74%. Reinsurance Group of America's dividend payout ratio (DPR) is presently 30.04%.

Analysts Set New Price Targets

RGA has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Raymond James reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday. Piper Sandler cut 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 price objective on shares of 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. Finally, UBS Group reaffirmed a "neutral" rating and issued a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.