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

Point72 Asset Management L.P. decreased its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 32.8% in the fourth quarter, according to its most recent 13F filing with the SEC. 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.

Several other institutional investors have also made changes to their positions in RGA. ProShare Advisors LLC raised its position in Reinsurance Group of America by 48.3% during the fourth 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. Quantinno Capital Management LP raised its stake in shares of Reinsurance Group of America by 8.0% in the fourth quarter. Quantinno Capital Management LP now owns 22,124 shares of the insurance provider's stock valued at $4,726,000 after purchasing an additional 1,646 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Reinsurance Group of America during the 4th quarter valued at about $1,867,000. OMERS ADMINISTRATION Corp raised its position in Reinsurance Group of America by 283.3% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 4,600 shares of the insurance provider's stock worth $983,000 after purchasing an additional 3,400 shares in the last quarter. Finally, NDVR Inc. lifted its holdings in shares of Reinsurance Group of America by 6.1% during the fourth quarter. NDVR Inc. now owns 1,470 shares of the insurance provider's stock valued at $314,000 after acquiring an additional 84 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Down 0.7%

NYSE:RGA traded down $1.38 during midday trading on Tuesday, reaching $208.33. 500,174 shares of the stock traded hands, compared to its average volume of 408,659. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The stock has a market capitalization of $13.77 billion, a P/E ratio of 19.40 and a beta of 0.57. 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 fifty day moving average of $191.16 and a 200 day moving average of $206.70.

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, topping the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the business posted $6.02 EPS. The firm's quarterly revenue was down 17.0% compared to the same quarter last year. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 annualized dividend and a dividend yield of 1.71%. Reinsurance Group of America's dividend payout ratio (DPR) is 30.04%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RGA shares. Royal Bank of Canada restated an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. UBS Group restated a "neutral" rating and set a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price objective 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. Morgan Stanley boosted their price target on Reinsurance Group of America from $195.00 to $209.00 and gave the company an "equal weight" rating in a report on Monday. Finally, JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America has a consensus rating of "Moderate Buy" and an average target price 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.