Point72 Asset Management L.P. Trims Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Point72 Asset Management L.P. reduced its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 32.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 125,812 shares of the insurance provider's stock after selling 61,300 shares during the period. Point72 Asset Management L.P. owned about 0.19% of Reinsurance Group of America worth $26,877,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of RGA. Colonial Trust Co SC raised its stake in shares of Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after buying an additional 57 shares during the period. Spire Wealth Management lifted its holdings in Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Reinsurance Group of America during the fourth quarter valued at about $44,000. Private Trust Co. NA boosted its position in Reinsurance Group of America by 99.4% during the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock worth $66,000 after purchasing an additional 155 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in shares of Reinsurance Group of America in the fourth quarter worth about $70,000. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Down 0.2%

Reinsurance Group of America stock traded down $0.45 during trading hours on Thursday, reaching $203.30. The company had a trading volume of 81,342 shares, compared to its average volume of 407,692. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. 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 price of $191.85 and a 200 day moving average price of $206.69. The firm has a market cap of $13.44 billion, a price-to-earnings ratio of 18.91 and a beta of 0.57.

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

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued 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 1.75%. Reinsurance Group of America's dividend payout ratio is presently 30.04%.

Analyst Ratings Changes

A number of analysts recently commented on RGA shares. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Morgan Stanley lifted their price target on Reinsurance Group of America from $195.00 to $209.00 and gave the company an "equal weight" rating in a research report on Monday. Piper Sandler dropped their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Evercore ISI reduced their target price on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $228.85.

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.