Reinsurance Group of America, Incorporated $RGA Shares Bought by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp ET AL boosted its stake in Reinsurance Group of America by 616.3% in Q3 to 60,870 shares, a 0.09% holding worth about $11.7 million.
• RGA reported a strong recent quarter, with $7.75 EPS beating the $5.86 consensus and $6.64 billion in revenue (up 26.6% year-over-year).
• Wall Street sentiment is broadly positive—six analysts rate RGA a Buy (average rating “Moderate Buy”) with an average price target of $249.33—and the company pays a quarterly dividend of $0.93 (about a 1.8% yield).

Tudor Investment Corp ET AL boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 616.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,870 shares of the insurance provider's stock after buying an additional 52,372 shares during the quarter. Tudor Investment Corp ET AL owned 0.09% of Reinsurance Group of America worth $11,695,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RGA. WCM Investment Management LLC raised its stake in shares of Reinsurance Group of America by 3.6% in the 3rd quarter. WCM Investment Management LLC now owns 2,734,458 shares of the insurance provider's stock valued at $519,356,000 after acquiring an additional 94,479 shares during the period. American Century Companies Inc. boosted its position in shares of Reinsurance Group of America by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 2,369,057 shares of the insurance provider's stock worth $455,167,000 after purchasing an additional 324,239 shares during the period. State Street Corp increased its holdings in Reinsurance Group of America by 2.8% in the 3rd quarter. State Street Corp now owns 2,346,447 shares of the insurance provider's stock valued at $450,823,000 after purchasing an additional 64,296 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Reinsurance Group of America by 4.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,098,564 shares of the insurance provider's stock valued at $211,054,000 after purchasing an additional 49,323 shares during the last quarter. Finally, Sei Investments Co. raised its position in Reinsurance Group of America by 6.6% in the third quarter. Sei Investments Co. now owns 840,884 shares of the insurance provider's stock valued at $161,557,000 after purchasing an additional 51,931 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RGA. Weiss Ratings restated a "buy (b-)" rating on shares of Reinsurance Group of America in a research note on Monday, December 29th. Barclays set a $245.00 price objective on Reinsurance Group of America and gave the company an "overweight" rating in a report on Friday, February 6th. Piper Sandler reissued an "overweight" rating and set a $263.00 target price on shares of Reinsurance Group of America in a research note on Friday, February 6th. TD Cowen restated a "hold" rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Finally, Wall Street Zen raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Saturday, February 7th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $249.33.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $205.29 on Monday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $229.21. The stock has a market capitalization of $13.46 billion, a PE ratio of 11.57 and a beta of 0.52. The firm has a 50 day moving average of $209.31 and a two-hundred day moving average of $199.45.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, topping analysts' consensus estimates of $5.86 by $1.89. The business had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The company's revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.99 earnings per share. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.93 per share. The ex-dividend date was Tuesday, February 17th. This represents a $3.72 annualized dividend and a yield of 1.8%. Reinsurance Group of America's dividend payout ratio is 20.96%.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated NYSE: RGA is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company's offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA's product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.

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