Capital Fund Management S.A. Acquires 9,354 Shares of Reinsurance Group of America, Incorporated $RGA

Key Points

• Capital Fund Management S.A. significantly increased its stake in Reinsurance Group of America by 66.4%, holding 23,441 shares valued at approximately $4.6 million as of its latest SEC filing.
• Reinsurance Group of America recently declared a quarterly dividend increase from $0.89 to $0.93, representing an annualized yield of 1.9%.
• Analysts have varied target price assessments for Reinsurance Group of America, with JPMorgan raising its target from $237 to $264, while Morgan Stanley lowered it from $210 to $195, indicating mixed investor sentiment.

Capital Fund Management S.A. increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 66.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,441 shares of the insurance provider's stock after buying an additional 9,354 shares during the quarter. Capital Fund Management S.A.'s holdings in Reinsurance Group of America were worth $4,616,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. EntryPoint Capital LLC increased its holdings in Reinsurance Group of America by 80.4% during the 1st quarter. EntryPoint Capital LLC now owns 1,999 shares of the insurance provider's stock worth $394,000 after purchasing an additional 891 shares in the last quarter. Northern Trust Corp increased its holdings in Reinsurance Group of America by 2.6% during the 1st quarter. Northern Trust Corp now owns 716,782 shares of the insurance provider's stock worth $141,134,000 after purchasing an additional 18,182 shares in the last quarter. Brooklyn Investment Group increased its holdings in Reinsurance Group of America by 419.8% during the 1st quarter. Brooklyn Investment Group now owns 577 shares of the insurance provider's stock worth $114,000 after purchasing an additional 466 shares in the last quarter. Algert Global LLC increased its holdings in Reinsurance Group of America by 75.3% during the 1st quarter. Algert Global LLC now owns 17,410 shares of the insurance provider's stock worth $3,428,000 after purchasing an additional 7,480 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its holdings in Reinsurance Group of America by 26.8% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 40,730 shares of the insurance provider's stock worth $8,017,000 after purchasing an additional 8,607 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded up $1.42 during midday trading on Friday, reaching $194.86. 51,114 shares of the company's stock were exchanged, compared to its average volume of 449,510. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 16.91 and a beta of 0.61. The stock's 50-day simple moving average is $192.54 and its 200 day simple moving average is $194.01.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing analysts' consensus estimates of $5.58 by ($0.86). Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the business posted $5.48 EPS. The company's revenue for the quarter was up 14.8% on a year-over-year basis. On average, 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were issued a dividend of $0.93 per share. The ex-dividend date was Tuesday, August 12th. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. Reinsurance Group of America's dividend payout ratio is 32.29%.

Wall Street Analysts Forecast Growth

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

Reinsurance Group of America 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.