Quantinno Capital Management LP Has $4.73 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Quantinno Capital Management LP increased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,124 shares of the insurance provider’s stock after purchasing an additional 1,646 shares during the period. Quantinno Capital Management LP’s holdings in Reinsurance Group of America were worth $4,726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Colonial Trust Co SC raised its holdings 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 worth $29,000 after buying an additional 57 shares in the last quarter. Spire Wealth Management raised its stake 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 worth $43,000 after acquiring an additional 57 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Reinsurance Group of America during the fourth quarter valued at $44,000. Private Trust Co. NA boosted its stake in shares of Reinsurance Group of America by 99.4% in the 4th 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 in the last quarter. Finally, Kestra Investment Management LLC bought a new stake in shares of Reinsurance Group of America in the 4th quarter worth about $70,000. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA opened at $209.26 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The stock has a market capitalization of $13.83 billion, a P/E ratio of 19.48 and a beta of 0.57. The business has a 50-day moving average price of $190.73 and a two-hundred day moving average price of $206.77.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly 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 business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the previous year, the firm posted $6.02 earnings per share. Reinsurance Group of America’s revenue for the quarter was down 17.0% compared to the same quarter last year. Equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.70%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 30.04%.

Analyst Ratings Changes

Several brokerages recently issued reports on RGA. Evercore ISI cut their price target on shares of 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. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. 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 research report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $246.00 to $248.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $230.69.

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.