R Squared Ltd Makes New Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

R Squared Ltd acquired a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,130 shares of the insurance provider’s stock, valued at approximately $669,000. Reinsurance Group of America accounts for approximately 0.7% of R Squared Ltd’s investment portfolio, making the stock its 16th largest position.

Other institutional investors have also recently modified their holdings of the company. Armstrong Advisory Group Inc. acquired a new position in Reinsurance Group of America in the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at $34,000. Private Trust Co. NA increased its stake in shares of Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 120 shares during the period. Strengthening Families & Communities LLC purchased a new position in shares of Reinsurance Group of America during the third quarter worth $36,000. Finally, Capital Performance Advisors LLP acquired a new position in Reinsurance Group of America during the third quarter valued at $37,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RGA. Barclays cut their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Royal Bank of Canada boosted their price target on Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus target price of $228.31.

Reinsurance Group of America Trading Up 0.1 %

RGA stock opened at $229.77 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. Reinsurance Group of America, Incorporated has a 12-month low of $163.81 and a 12-month high of $233.81. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 21.10 and a beta of 0.94. The business’s 50-day moving average is $219.21 and its 200 day moving average is $216.68.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The company had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter in the prior year, the company earned $5.57 EPS. Reinsurance Group of America’s revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.55%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s payout ratio is currently 32.69%.

Reinsurance Group of America Company Profile

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.