Two Sigma Advisers LP Raises Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Two Sigma Advisers LP boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 769.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,500 shares of the insurance provider's stock after buying an additional 50,000 shares during the period. Two Sigma Advisers LP owned approximately 0.09% of Reinsurance Group of America worth $12,070,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RGA. Two Sigma Investments LP grew its position in Reinsurance Group of America by 57.8% in the 4th quarter. Two Sigma Investments LP now owns 128,022 shares of the insurance provider's stock valued at $27,349,000 after acquiring an additional 46,905 shares in the last quarter. Teza Capital Management LLC acquired a new position in Reinsurance Group of America in the 4th quarter valued at about $522,000. Tidal Investments LLC grew its position in Reinsurance Group of America by 6,944.4% in the 4th quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock valued at $60,963,000 after acquiring an additional 281,317 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Reinsurance Group of America by 181.3% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,978 shares of the insurance provider's stock valued at $850,000 after acquiring an additional 2,564 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in Reinsurance Group of America by 48.3% in the 4th quarter. ProShare Advisors LLC now owns 4,259 shares of the insurance provider's stock valued at $910,000 after acquiring an additional 1,388 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Down 0.9%

RGA traded down $1.88 on Wednesday, reaching $202.48. The company's stock had a trading volume of 50,078 shares, compared to its average volume of 408,284. The stock has a 50 day moving average of $192.65 and a two-hundred day moving average of $206.11. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $13.38 billion, a price-to-earnings ratio of 18.84 and a beta of 0.57. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $0.33. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The firm's quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted $6.02 earnings per share. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RGA shares. Keefe, Bruyette & Woods lifted their target price 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 reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Piper Sandler dropped their target price on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. UBS Group reissued a "neutral" rating and set a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Reinsurance Group of America currently has an average rating of "Moderate Buy" and an average 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.