Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 75.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,720 shares of the insurance provider's stock after acquiring an additional 5,920 shares during the quarter. Aquatic Capital Management LLC's holdings in Reinsurance Group of America were worth $2,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Spire Wealth Management grew its position in Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after buying an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Reinsurance Group of America during the fourth quarter worth about $44,000. Versant Capital Management Inc raised its holdings in Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after purchasing an additional 80 shares in the last quarter. Private Trust Co. NA lifted its position in Reinsurance Group of America by 99.4% in the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after purchasing an additional 155 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in Reinsurance Group of America in the 4th quarter valued at approximately $70,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $187.99 on Monday. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 17.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The company's 50 day simple moving average is $189.55 and its 200 day simple moving average is $208.35.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. On average, sell-side analysts predict 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 was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.89%. Reinsurance Group of America's dividend payout ratio is presently 33.15%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RGA shares. Morgan Stanley reduced their price target on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. 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 research report on Thursday, March 13th. Wells Fargo & Company lowered their price target on shares of Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada reissued an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $230.15.

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.

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