Reinsurance Group of America, Incorporated $RGA Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 303.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 38,805 shares of the insurance provider’s stock after purchasing an additional 29,192 shares during the period. Quantbot Technologies LP’s holdings in Reinsurance Group of America were worth $7,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Richard W. Paul & Associates LLC grew its holdings in Reinsurance Group of America by 3.7% during the second quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock worth $302,000 after acquiring an additional 54 shares during the period. Bessemer Group Inc. boosted its position in Reinsurance Group of America by 1.0% in the 3rd quarter. Bessemer Group Inc. now owns 5,776 shares of the insurance provider’s stock worth $1,110,000 after purchasing an additional 58 shares in the last quarter. Xponance Inc. boosted its position in Reinsurance Group of America by 0.8% in the 3rd quarter. Xponance Inc. now owns 7,637 shares of the insurance provider’s stock worth $1,467,000 after purchasing an additional 58 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Reinsurance Group of America by 17.6% during the 1st 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. Finally, Millstone Evans Group LLC increased its holdings in shares of Reinsurance Group of America by 82.4% during the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen restated a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. Finally, Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $245.88.

Reinsurance Group of America Trading Down 2.1%

Shares of Reinsurance Group of America stock opened at $215.72 on Friday. The company has a current ratio of 0.14, a quick ratio of 0.13 and a debt-to-equity ratio of 0.42. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $229.21. The firm has a market capitalization of $14.14 billion, a PE ratio of 12.15 and a beta of 0.53. The firm’s 50-day moving average price is $207.39 and its 200 day moving average price is $197.10.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, beating analysts’ consensus estimates of $5.86 by $1.89. The business had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The business’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.99 earnings per share. On average, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

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