Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Point72 Europe London LLP

Point72 Europe London LLP grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 29.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,970 shares of the insurance provider’s stock after purchasing an additional 8,170 shares during the period. Point72 Europe London LLP’s holdings in Reinsurance Group of America were worth $5,819,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Reinsurance Group of America in the third quarter worth about $767,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Reinsurance Group of America in the third quarter worth approximately $218,000. Pathstone Family Office LLC lifted its position in shares of Reinsurance Group of America by 112.9% in the third quarter. Pathstone Family Office LLC now owns 5,738 shares of the insurance provider’s stock worth $833,000 after purchasing an additional 3,043 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Reinsurance Group of America by 3.8% in the third quarter. HighTower Advisors LLC now owns 9,988 shares of the insurance provider’s stock worth $1,449,000 after purchasing an additional 370 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Reinsurance Group of America by 53.3% in the third quarter. Canada Pension Plan Investment Board now owns 21,000 shares of the insurance provider’s stock worth $3,049,000 after purchasing an additional 7,300 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insider Transactions at Reinsurance Group of America

In other Reinsurance Group of America news, EVP John W. Hayden sold 1,767 shares of Reinsurance Group of America stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total transaction of $365,503.95. Following the sale, the executive vice president now owns 16,490 shares in the company, valued at $3,410,956.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is currently owned by corporate insiders.

Reinsurance Group of America Stock Performance

RGA stock traded down $3.19 during midday trading on Tuesday, hitting $201.32. 314,569 shares of the company traded hands, compared to its average volume of 351,458. Reinsurance Group of America, Incorporated has a twelve month low of $135.07 and a twelve month high of $213.21. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.46. The business has a 50 day simple moving average of $198.79 and a 200-day simple moving average of $181.19. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of 15.64 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.55 by $1.47. The business had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. During the same quarter last year, the company posted $5.16 earnings per share. As a group, equities research analysts predict that Reinsurance Group of America, Incorporated will post 20.66 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were paid a $0.85 dividend. The ex-dividend date was Monday, May 13th. This represents a $3.40 annualized dividend and a dividend yield of 1.69%. Reinsurance Group of America’s payout ratio is 26.42%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RGA. Morgan Stanley increased their price target on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $212.00 price target on shares of Reinsurance Group of America in a research report on Friday, April 12th. JPMorgan Chase & Co. increased their price target on shares of Reinsurance Group of America from $189.00 to $195.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods raised their price objective on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Finally, Piper Sandler raised their price objective on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.82.

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.