Jump Financial LLC Invests $918,000 in Reinsurance Group of America, Incorporated (NYSE:RGA)

Jump Financial LLC acquired a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,056 shares of the insurance provider’s stock, valued at approximately $918,000.

A number of other large investors also recently modified their holdings of the stock. PNC Managed Account Solutions Inc. acquired a new position in Reinsurance Group of America in the 2nd quarter valued at approximately $70,000. Capital Analysts LLC acquired a new position in Reinsurance Group of America in the 1st quarter valued at approximately $103,000. Deseret Mutual Benefit Administrators acquired a new position in Reinsurance Group of America in the 2nd quarter valued at approximately $102,000. Cullen Frost Bankers Inc. increased its position in Reinsurance Group of America by 35.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,220 shares of the insurance provider’s stock valued at $139,000 after acquiring an additional 320 shares during the period. Finally, Arkadios Wealth Advisors increased its position in Reinsurance Group of America by 550.0% in the 2nd quarter. Arkadios Wealth Advisors now owns 1,612 shares of the insurance provider’s stock valued at $183,000 after acquiring an additional 1,364 shares during the period. 93.22% of the stock is owned by institutional investors and hedge funds.

NYSE:RGA opened at $118.51 on Thursday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 9.79 and a beta of 1.23. The firm has a fifty day simple moving average of $115.93 and a two-hundred day simple moving average of $119.97. Reinsurance Group of America, Incorporated has a 12 month low of $93.00 and a 12 month high of $134.93.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Monday, August 2nd. The insurance provider reported $4.00 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $1.65. The business had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Reinsurance Group of America had a net margin of 5.16% and a return on equity of 3.84%. Equities analysts predict that Reinsurance Group of America, Incorporated will post 9.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Tuesday, August 17th were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 2.46%. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, August 16th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 38.73%.

In other Reinsurance Group of America news, Director Christine Rose Detrick sold 3,000 shares of the firm’s stock in a transaction on Friday, August 6th. The shares were sold at an average price of $121.70, for a total value of $365,100.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.98% of the stock is currently owned by company insiders.

Several equities analysts have issued reports on RGA shares. decreased their price target on shares of Reinsurance Group of America from $146.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, June 21st. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $117.00 price target for the company in a research report on Wednesday, August 4th. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $137.00 to $138.00 in a research report on Monday, July 12th. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $142.00 price objective for the company in a research report on Tuesday. Finally, Morgan Stanley increased their price objective on shares of Reinsurance Group of America from $125.00 to $127.00 and gave the stock an “underweight” rating in a research report on Thursday, July 15th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Hold” and an average target price of $127.44.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Inc is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America; Canada; Europe, Middle East, and Africa; Asia Pacific; and Corporate and Other.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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