Quantbot Technologies LP Has $3.10 Million Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Quantbot Technologies LP boosted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 384.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,511 shares of the insurance provider’s stock after buying an additional 11,518 shares during the period. Quantbot Technologies LP’s holdings in Reinsurance Group of America were worth $3,100,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA increased its position in Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after buying an additional 120 shares during the last quarter. Spire Wealth Management increased its position in Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after buying an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America during the fourth quarter worth $44,000. Versant Capital Management Inc increased its position in Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after buying an additional 80 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Reinsurance Group of America by 105.3% during the third quarter. First Horizon Advisors Inc. now owns 312 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 160 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RGA. JPMorgan Chase & Co. upped their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Evercore ISI decreased their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Barclays decreased their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Piper Sandler decreased their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus price target of $231.85.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $191.53 on Friday. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 17.83 and a beta of 0.91. The company has a 50 day moving average of $207.05 and a 200-day moving average of $214.02. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.86%. Reinsurance Group of America’s payout ratio is presently 33.15%.

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.