9,533 Shares in Reinsurance Group of America, Incorporated $RGA Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,533 shares of the insurance provider’s stock, valued at approximately $1,891,000.

A number of other large investors have also recently made changes to their positions in the business. TCTC Holdings LLC lifted its holdings in shares of Reinsurance Group of America by 107.2% in the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 89 shares during the last quarter. Cornerstone Planning Group LLC raised its position in Reinsurance Group of America by 224.1% during the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 121 shares during the period. Headlands Technologies LLC lifted its stake in shares of Reinsurance Group of America by 357.1% in the 1st quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 175 shares during the last quarter. SouthState Corp bought a new stake in shares of Reinsurance Group of America in the 1st quarter valued at approximately $48,000. Finally, Oakworth Capital Inc. boosted its holdings in shares of Reinsurance Group of America by 32.4% in the 2nd quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 60 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Trading Down 3.2%

NYSE RGA opened at $183.02 on Friday. The stock has a market cap of $12.10 billion, a PE ratio of 15.89 and a beta of 0.60. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The company’s 50-day moving average price is $191.44 and its 200-day moving average price is $194.00. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.57. The company had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $6.13 EPS. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th will be issued a $0.93 dividend. The ex-dividend date is Monday, November 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.0%. Reinsurance Group of America’s payout ratio is presently 28.62%.

Analysts Set New Price Targets

A number of analysts recently issued reports on RGA shares. Wells Fargo & Company lowered their price target on Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Piper Sandler reaffirmed an “overweight” rating on shares of Reinsurance Group of America in a research note on Tuesday, October 7th. Morgan Stanley cut their price target on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.56.

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.