Entropy Technologies LP Raises Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Entropy Technologies LP grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 36.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,963 shares of the insurance provider's stock after buying an additional 2,669 shares during the period. Entropy Technologies LP's holdings in Reinsurance Group of America were worth $2,171,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of Reinsurance Group of America by 8.9% in the third quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider's stock valued at $133,000 after purchasing an additional 50 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in Reinsurance Group of America by 1.2% in the 3rd quarter. Resonant Capital Advisors LLC now owns 4,368 shares of the insurance provider's stock valued at $952,000 after buying an additional 53 shares in the last quarter. GHP Investment Advisors Inc. increased its position in Reinsurance Group of America by 0.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 9,462 shares of the insurance provider's stock worth $1,942,000 after buying an additional 62 shares during the period. Covestor Ltd lifted its holdings in shares of Reinsurance Group of America by 20.3% during the first quarter. Covestor Ltd now owns 374 shares of the insurance provider's stock worth $72,000 after buying an additional 63 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its position in shares of Reinsurance Group of America by 3.0% in the third quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider's stock valued at $514,000 after acquiring an additional 69 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. StockNews.com upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a research note on Thursday, October 17th. Citigroup upped their target price on Reinsurance Group of America from $194.00 to $252.00 and gave the company a "buy" rating in a research report on Tuesday, July 23rd. Finally, Raymond James boosted their price target on Reinsurance Group of America from $228.00 to $250.00 and gave the company a "strong-buy" rating in a research note on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Reinsurance Group of America has an average rating of "Moderate Buy" and a consensus target price of $227.38.

Reinsurance Group of America Price Performance

Shares of NYSE RGA traded up $1.65 during mid-day trading on Wednesday, hitting $230.51. 154,209 shares of the stock traded hands, compared to its average volume of 355,508. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market cap of $15.18 billion, a PE ratio of 21.14 and a beta of 0.92. Reinsurance Group of America, Incorporated has a twelve month low of $156.98 and a twelve month high of $231.02. The firm has a 50 day simple moving average of $216.46 and a two-hundred day simple moving average of $211.08.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the prior year, the firm posted $5.57 earnings per share. The firm's revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts forecast that Reinsurance Group of America, Incorporated will post 21.93 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a $0.89 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.54%. Reinsurance Group of America's payout ratio is 32.69%.

Insider Buying and Selling

In other news, EVP William L. Hutton sold 1,209 shares of the company's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the sale, the executive vice president now directly owns 12,357 shares of the company's stock, valued at approximately $2,705,812.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.37% of the stock is owned by corporate insiders.

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.