Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Trexquant Investment LP

Trexquant Investment LP boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 99.3% during the 4th quarter, Holdings Channel reports. The firm owned 42,440 shares of the insurance provider’s stock after acquiring an additional 21,142 shares during the quarter. Trexquant Investment LP’s holdings in Reinsurance Group of America were worth $9,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Reinsurance Group of America by 19.2% in the 4th quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock valued at $38,895,000 after acquiring an additional 29,352 shares during the period. Martin Capital Partners LLC purchased a new position in shares of Reinsurance Group of America in the fourth quarter worth about $1,788,000. Nordea Investment Management AB lifted its holdings in shares of Reinsurance Group of America by 4.8% during the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock worth $19,232,000 after purchasing an additional 4,119 shares during the period. Pacer Advisors Inc. boosted its position in Reinsurance Group of America by 23.8% in the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock valued at $3,077,000 after buying an additional 2,768 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Reinsurance Group of America by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock worth $16,862,000 after buying an additional 5,699 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $199.89 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The stock has a market capitalization of $13.20 billion, a PE ratio of 18.61 and a beta of 0.91. Reinsurance Group of America, Incorporated has a fifty-two week low of $178.84 and a fifty-two week high of $233.81. The company has a fifty day moving average of $203.41 and a two-hundred day moving average of $213.23.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. As a group, research 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 company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

Analyst Upgrades and Downgrades

RGA has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Evercore ISI cut their price target on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. UBS Group restated a “neutral” rating and issued a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday. Barclays reduced their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Morgan Stanley lowered their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.38.

Reinsurance Group of America 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.