ExodusPoint Capital Management LP Acquires 35,269 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

ExodusPoint Capital Management LP increased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 293.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,288 shares of the insurance provider's stock after acquiring an additional 35,269 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.07% of Reinsurance Group of America worth $10,102,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Reinsurance Group of America by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock worth $1,541,121,000 after purchasing an additional 51,733 shares during the last quarter. WCM Investment Management LLC increased its holdings in Reinsurance Group of America by 1.4% in the fourth quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock worth $526,911,000 after buying an additional 33,082 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Reinsurance Group of America by 389.4% in the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock valued at $239,911,000 after acquiring an additional 893,537 shares during the last quarter. Geode Capital Management LLC grew its position in Reinsurance Group of America by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock worth $238,031,000 after acquiring an additional 4,106 shares in the last quarter. Finally, Norges Bank bought a new stake in Reinsurance Group of America in the fourth quarter worth $174,082,000. Institutional investors and hedge funds own 95.11% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Morgan Stanley dropped their price objective 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. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Finally, Barclays dropped their target price on shares of 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. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $231.54.

Reinsurance Group of America Stock Performance

Shares of RGA stock traded down $10.42 during midday trading on Thursday, hitting $171.48. 103,867 shares of the company were exchanged, compared to its average volume of 405,237. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The firm has a market capitalization of $11.32 billion, a P/E ratio of 15.90 and a beta of 0.70. The firm's 50 day moving average price is $196.00 and its two-hundred day moving average price is $211.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

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 for the quarter, missing analysts' consensus estimates 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, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's dividend 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.