Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 167.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,930 shares of the insurance provider's stock after purchasing an additional 45,084 shares during the period. Squarepoint Ops LLC owned about 0.11% of Reinsurance Group of America worth $15,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RGA. Alliancebernstein L.P. lifted its position in Reinsurance Group of America by 389.4% during the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock valued at $239,911,000 after purchasing an additional 893,537 shares during the period. Norges Bank acquired a new position in shares of Reinsurance Group of America in the fourth quarter worth about $174,082,000. FMR LLC raised its position in shares of Reinsurance Group of America by 11.1% in the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after acquiring an additional 564,693 shares during the period. Tidal Investments LLC raised its position in shares of Reinsurance Group of America by 6,944.4% in the fourth quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock worth $60,963,000 after acquiring an additional 281,317 shares during the period. Finally, Invesco Ltd. raised its position in shares of Reinsurance Group of America by 34.4% in the fourth quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider's stock worth $201,802,000 after acquiring an additional 241,669 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

NYSE RGA traded down $3.00 during trading hours on Friday, hitting $199.89. 373,744 shares of the company's stock traded hands, compared to its average volume of 409,981. The firm's 50-day moving average is $192.23 and its 200-day moving average is $206.39. 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 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The company has a market capitalization of $13.21 billion, a PE ratio of 18.61 and a beta of 0.57.

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

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a dividend of $0.89 per share. The ex-dividend date 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 payout ratio is currently 30.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group reiterated 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 report on Wednesday, April 2nd. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Royal Bank of Canada reissued an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, Piper Sandler cut their target price 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. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Reinsurance Group of America has a consensus rating of "Moderate Buy" and a consensus price target of $228.85.

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.