Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP increased its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 57.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,022 shares of the insurance provider’s stock after acquiring an additional 46,905 shares during the period. Two Sigma Investments LP owned approximately 0.19% of Reinsurance Group of America worth $27,349,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Teza Capital Management LLC acquired a new stake in Reinsurance Group of America in the fourth quarter valued at $522,000. Tidal Investments LLC boosted its position in shares of Reinsurance Group of America by 6,944.4% in the 4th quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider’s stock worth $60,963,000 after buying an additional 281,317 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Reinsurance Group of America by 181.3% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,978 shares of the insurance provider’s stock worth $850,000 after acquiring an additional 2,564 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Reinsurance Group of America by 48.3% in the fourth quarter. ProShare Advisors LLC now owns 4,259 shares of the insurance provider’s stock valued at $910,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings 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. 95.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RGA has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Morgan Stanley increased their price objective on Reinsurance Group of America from $195.00 to $209.00 and gave the company an “equal weight” rating in a research note on Monday. Piper Sandler cut their target price 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. Finally, Wells Fargo & Company upped their target price on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $228.85.

Reinsurance Group of America Trading Down 2.1%

NYSE RGA opened at $203.83 on Thursday. The company has a market cap of $13.47 billion, a P/E ratio of 18.98 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 debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The company has a 50-day moving average of $191.85 and a 200-day moving average of $206.69.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping the consensus estimate of $5.33 by $0.33. The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Reinsurance Group of America’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.02 earnings per share. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 30.04%.

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.