Quantbot Technologies LP Acquires 29,192 Shares of Reinsurance Group of America, Incorporated $RGA

Quantbot Technologies LP boosted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 303.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,805 shares of the insurance provider’s stock after buying an additional 29,192 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Reinsurance Group of America worth $7,456,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Millstone Evans Group LLC boosted its position in 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 acquiring an additional 61 shares in the last quarter. Root Financial Partners LLC bought a new stake in Reinsurance Group of America during the third quarter valued at about $33,000. LRI Investments LLC grew its stake in Reinsurance Group of America by 41.2% in the third quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 77 shares during the last quarter. Employees Retirement System of Texas bought a new position in Reinsurance Group of America in the second quarter worth about $57,000. Finally, True Wealth Design LLC raised its holdings in Reinsurance Group of America by 1,323.8% in the second quarter. True Wealth Design LLC now owns 299 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

RGA has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Piper Sandler restated an “overweight” rating and issued a $263.00 target price on shares of Reinsurance Group of America in a research note on Friday, February 6th. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen reaffirmed 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 report on Saturday, February 7th. Seven 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.88.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $215.72 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.14. The stock has a 50-day moving average of $207.39 and a two-hundred day moving average of $197.10. The stock has a market cap of $14.14 billion, a P/E ratio of 12.15 and a beta of 0.53. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $229.21.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.86 by $1.89. The firm 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 company’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period last year, the business posted $4.99 earnings per share. As a group, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, February 17th. Reinsurance Group of America’s payout ratio is presently 20.96%.

Reinsurance Group of America Profile

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.