Reinsurance Group of America, Incorporated $RGA Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its holdings in Reinsurance Group of America by 6.2%, owning 45,086 shares worth approximately $8.88 million as of the latest 13F filing.
• Reinsurance Group of America recently announced a quarterly dividend increase from $0.89 to $0.93 per share, resulting in an annualized dividend yield of 1.9%.
• Analysts have mixed ratings on Reinsurance Group of America, with a consensus price target set at $242.27, reflecting an average rating of "Moderate Buy."

Trexquant Investment LP increased its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 6.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 45,086 shares of the insurance provider's stock after purchasing an additional 2,646 shares during the period. Trexquant Investment LP owned 0.07% of Reinsurance Group of America worth $8,877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RGA. Alpine Bank Wealth Management purchased a new stake in shares of Reinsurance Group of America in the 1st quarter valued at about $28,000. Colonial Trust Co SC lifted its holdings in shares of 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 valued at $29,000 after purchasing an additional 57 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Reinsurance Group of America by 164.3% in the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Reinsurance Group of America by 224.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 121 shares during the last quarter. Finally, TCTC Holdings LLC lifted its holdings in shares of Reinsurance Group of America by 107.2% in the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 89 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Morgan Stanley reduced 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. boosted their price target on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods boosted their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Finally, Wells Fargo & Company dropped their price target on Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Reinsurance Group of America has a consensus rating of "Moderate Buy" and a consensus target price of $242.27.

Reinsurance Group of America Price Performance

RGA stock traded up $0.98 on Thursday, reaching $197.52. 216,122 shares of the company's stock were exchanged, compared to its average volume of 328,286. The stock has a fifty day moving average of $192.36 and a 200-day moving average of $193.86. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The firm has a market cap of $13.05 billion, a PE ratio of 17.15 and a beta of 0.59. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 earnings per share 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 analyst estimates of $5.70 billion. During the same period in the prior year, the company earned $5.48 EPS. The company's revenue was up 14.8% on a year-over-year basis. As a group, equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The firm also recently disclosed 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. This is a boost 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%. The ex-dividend date of this dividend was Tuesday, August 12th. Reinsurance Group of America's dividend payout ratio is currently 32.29%.

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.