Versor Investments LP Purchases Shares of 4,400 Reinsurance Group of America, Incorporated $RGA

Versor Investments LP purchased a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,400 shares of the insurance provider’s stock, valued at approximately $845,000.

Other large investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC increased its stake in Reinsurance Group of America by 82.4% in the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Reinsurance Group of America during the third quarter worth about $33,000. LRI Investments LLC increased its position in shares of Reinsurance Group of America by 41.2% in the third quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 77 shares during the last quarter. IFP Advisors Inc raised its stake in Reinsurance Group of America by 93.9% in the second quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 138 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in Reinsurance Group of America during the second quarter valued at approximately $57,000. Institutional investors own 95.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RGA shares. Keefe, Bruyette & Woods lowered their price target on 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. Raymond James Financial cut Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Wells Fargo & Company upped their target price on Reinsurance Group of America from $237.00 to $238.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Barclays set a $245.00 price objective on shares of Reinsurance Group of America and gave the stock an “overweight” rating in a report on Friday. Finally, TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $243.00.

Reinsurance Group of America Stock Down 0.7%

Shares of NYSE RGA opened at $217.76 on Wednesday. The firm’s fifty day moving average is $201.60 and its 200 day moving average is $194.01. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $229.21. The company has a quick ratio of 0.13, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 12.27 and a beta of 0.53.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, beating the consensus estimate of $5.86 by $1.89. The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.25 billion. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.99 earnings per share. On average, equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $3.72 annualized dividend and a dividend yield of 1.7%. Reinsurance Group of America’s payout ratio is 20.96%.

About Reinsurance Group of America

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.