Point72 Asia Singapore Pte. Ltd. Raises Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Point72 Asia Singapore Pte. Ltd. raised its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 181.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,978 shares of the insurance provider’s stock after purchasing an additional 2,564 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Reinsurance Group of America were worth $850,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Spire Wealth Management raised its holdings 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 period. Colonial Trust Co SC raised its stake in shares of Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 57 shares during the period. Keybank National Association OH lifted its holdings in shares of Reinsurance Group of America by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider’s stock worth $500,000 after acquiring an additional 59 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock worth $3,039,000 after acquiring an additional 72 shares during the last quarter. Finally, Integrated Investment Consultants LLC boosted its position in shares of Reinsurance Group of America by 2.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider’s stock worth $715,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 1.0%

NYSE RGA opened at $204.43 on Thursday. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The firm has a 50 day moving average of $189.92 and a two-hundred day moving average of $206.90. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $13.51 billion, a PE ratio of 19.03 and a beta of 0.57.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.33. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The company’s revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.02 earnings per share. As a group, research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.89 per share. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 annualized dividend and a dividend yield of 1.74%. Reinsurance Group of America’s dividend payout ratio is currently 30.04%.

Wall Street Analyst Weigh In

RGA has been the topic of a number of research analyst reports. Evercore ISI cut their target price on 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. UBS Group reiterated a “neutral” rating and issued a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. JPMorgan Chase & Co. raised Reinsurance Group of America from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Royal Bank of Canada reaffirmed 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. Finally, Keefe, Bruyette & Woods increased their price target 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. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $230.69.

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.