Reinsurance Group of America, Incorporated (NYSE:RGA) Short Interest Up 19.6% in December

Reinsurance Group of America, Incorporated (NYSE:RGA) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 655,535 shares, a growth of 19.6% from the December 15th total of 548,094 shares. Based on an average daily volume of 462,036 shares, the short-interest ratio is currently 1.4 days. Currently, 1.0% of the company’s stock are sold short. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 462,036 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On Reinsurance Group of America

Several large investors have recently made changes to their positions in RGA. Richard W. Paul & Associates LLC grew its stake in Reinsurance Group of America by 3.7% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock valued at $302,000 after buying an additional 54 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Reinsurance Group of America by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 4,281 shares of the insurance provider’s stock worth $819,000 after acquiring an additional 54 shares during the period. Bessemer Group Inc. grew its position in shares of Reinsurance Group of America by 1.0% in the third quarter. Bessemer Group Inc. now owns 5,776 shares of the insurance provider’s stock valued at $1,110,000 after purchasing an additional 58 shares during the last quarter. Xponance Inc. grew its position in shares of Reinsurance Group of America by 0.8% in the third quarter. Xponance Inc. now owns 7,637 shares of the insurance provider’s stock valued at $1,467,000 after purchasing an additional 58 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Reinsurance Group of America by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 1.1%

RGA stock traded down $2.16 during midday trading on Monday, hitting $194.57. The company’s stock had a trading volume of 291,246 shares, compared to its average volume of 321,190. The company’s fifty day moving average price is $196.93 and its 200 day moving average price is $193.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.13 and a quick ratio of 0.13. Reinsurance Group of America has a twelve month low of $159.25 and a twelve month high of $232.97. The stock has a market capitalization of $12.79 billion, a P/E ratio of 14.97 and a beta of 0.55.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.57. The company had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.02 billion. Reinsurance Group of America had a net margin of 3.89% and a return on equity of 12.19%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $6.13 EPS. As a group, equities research analysts predict that Reinsurance Group of America will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, November 10th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 28.62%.

Analyst Ratings Changes

A number of analysts recently issued reports on RGA shares. Piper Sandler increased their target price on Reinsurance Group of America from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. Morgan Stanley set a $208.00 price target on shares of Reinsurance Group of America in a report on Monday, December 15th. Barclays set a $237.00 price objective on shares of Reinsurance Group of America in a report on Thursday, January 8th. Keefe, Bruyette & Woods cut their price objective on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Finally, Wells Fargo & Company increased their target price on Reinsurance Group of America from $237.00 to $238.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $238.67.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.