Point72 Hong Kong Ltd Reduces Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Point72 Hong Kong Ltd lowered its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 78.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 900 shares of the insurance provider's stock after selling 3,220 shares during the period. Point72 Hong Kong Ltd's holdings in Reinsurance Group of America were worth $192,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Barclays PLC grew its holdings in shares of Reinsurance Group of America by 5.5% in the 3rd quarter. Barclays PLC now owns 102,790 shares of the insurance provider's stock valued at $22,396,000 after buying an additional 5,398 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Reinsurance Group of America in the 4th quarter valued at about $8,869,000. Park Avenue Securities LLC raised its holdings in Reinsurance Group of America by 21.2% in the 4th quarter. Park Avenue Securities LLC now owns 15,744 shares of the insurance provider's stock valued at $3,363,000 after acquiring an additional 2,759 shares during the period. Occidental Asset Management LLC raised its holdings in Reinsurance Group of America by 9.6% in the 4th quarter. Occidental Asset Management LLC now owns 6,531 shares of the insurance provider's stock valued at $1,395,000 after acquiring an additional 571 shares during the period. Finally, Avanza Fonder AB acquired a new position in shares of Reinsurance Group of America during the 4th quarter worth approximately $1,011,000. Institutional investors own 95.11% of the company's stock.

Analysts Set New Price Targets

RGA has been the topic of a number of research analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. UBS Group restated a "neutral" rating and set a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Evercore ISI decreased their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Finally, Piper Sandler cut their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $228.85.

Reinsurance Group of America Stock Performance

RGA stock traded down $0.30 during midday trading on Thursday, reaching $203.45. The stock had a trading volume of 71,291 shares, compared to its average volume of 407,671. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The stock has a market cap of $13.45 billion, a PE ratio of 18.95 and a beta of 0.57. 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 firm has a fifty day simple moving average of $191.85 and a two-hundred day simple moving average of $206.69.

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 company 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%. Reinsurance Group of America's revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the previous year, the company posted $6.02 earnings per share. As a group, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's payout ratio is currently 30.04%.

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.