XTX Topco Ltd Purchases Shares of 11,765 Reinsurance Group of America, Incorporated (NYSE:RGA)

XTX Topco Ltd bought a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,765 shares of the insurance provider's stock, valued at approximately $2,317,000.

Several other hedge funds have also modified their holdings of RGA. Wealth Enhancement Advisory Services LLC grew its position in Reinsurance Group of America by 38.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,783 shares of the insurance provider's stock valued at $1,729,000 after acquiring an additional 2,428 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Reinsurance Group of America by 13.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,901 shares of the insurance provider's stock valued at $768,000 after purchasing an additional 452 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in 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 worth $29,000 after buying an additional 92 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Reinsurance Group of America by 1,265.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 6,553 shares of the insurance provider's stock valued at $1,290,000 after buying an additional 6,073 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Reinsurance Group of America by 7.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 171,402 shares of the insurance provider's stock valued at $33,984,000 after acquiring an additional 12,217 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RGA shares. Keefe, Bruyette & Woods boosted their price target on 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. JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Wells Fargo & Company reissued an "overweight" rating and set a $249.00 price target (up previously from $248.00) on shares of Reinsurance Group of America in a research report on Thursday, July 10th. Finally, Morgan Stanley upped their price target on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Reinsurance Group of America presently has an average rating of "Moderate Buy" and an average price target of $244.36.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA traded down $15.07 during trading on Friday, reaching $177.38. 1,819,821 shares of the company's stock traded hands, compared to its average volume of 451,879. The stock has a market capitalization of $11.72 billion, a P/E ratio of 14.97 and a beta of 0.62. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The company has a 50 day moving average of $197.69 and a 200-day moving average of $199.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.16 and a quick ratio of 0.16.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its 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). The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.70 billion. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The business's revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.48 earnings per share. On average, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be paid a $0.93 dividend. The ex-dividend date is Tuesday, August 12th. This is a positive change 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 2.1%. Reinsurance Group of America's dividend payout ratio (DPR) is 30.90%.

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.