Capital Fund Management S.A. Invests $3.01 Million in Reinsurance Group of America, Incorporated (NYSE:RGA)

Capital Fund Management S.A. bought a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,087 shares of the insurance provider's stock, valued at approximately $3,009,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Spire Wealth Management grew its stake in shares of Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after acquiring an additional 57 shares during the last quarter. Keybank National Association OH increased its holdings in shares of Reinsurance Group of America by 2.6% during the fourth quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock worth $500,000 after buying an additional 59 shares in the last quarter. Inspire Investing LLC boosted its stake in Reinsurance Group of America by 0.5% in the fourth quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock worth $3,039,000 after purchasing an additional 72 shares in the last quarter. Integrated Investment Consultants LLC increased its position in Reinsurance Group of America by 2.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider's stock valued at $715,000 after acquiring an additional 77 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after acquiring an additional 80 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

Shares of RGA stock traded up $1.87 on Friday, hitting $184.48. 370,965 shares of the company's stock were exchanged, compared to its average volume of 408,407. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The company has a 50 day moving average of $191.17 and a 200 day moving average of $209.64. The stock has a market cap of $12.19 billion, a P/E ratio of 17.18 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) 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%. On average, equities 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is currently 33.15%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RGA shares. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their target price for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Evercore ISI dropped their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Morgan Stanley lowered their price target on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $230.15.

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.