MQS Management LLC Makes New Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

MQS Management LLC bought a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,276 shares of the insurance provider's stock, valued at approximately $496,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new position in Reinsurance Group of America in the 3rd quarter worth about $25,000. International Assets Investment Management LLC purchased a new position in Reinsurance Group of America in the 2nd quarter worth about $28,000. Family Firm Inc. purchased a new position in Reinsurance Group of America in the 2nd quarter worth about $29,000. New Covenant Trust Company N.A. purchased a new position in Reinsurance Group of America in the 1st quarter worth about $28,000. Finally, Wolff Wiese Magana LLC purchased a new position in Reinsurance Group of America in the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the transaction, the executive vice president now directly owns 12,357 shares of the company's stock, valued at approximately $2,705,812.29. This trade represents a 8.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.37% of the stock is owned by company insiders.

Reinsurance Group of America Stock Down 0.3 %

Shares of NYSE:RGA traded down $0.76 during trading on Thursday, reaching $229.61. The stock had a trading volume of 313,784 shares, compared to its average volume of 356,223. Reinsurance Group of America, Incorporated has a one year low of $156.98 and a one year high of $232.70. The company has a market capitalization of $15.12 billion, a P/E ratio of 21.16 and a beta of 0.92. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The firm's 50-day simple moving average is $216.67 and its 200 day simple moving average is $211.22.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping analysts' consensus estimates of $5.31 by $0.82. The company had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. Reinsurance Group of America's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the business earned $5.57 EPS. As a group, research analysts expect that Reinsurance Group of America, Incorporated will post 21.93 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, November 8th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.69%.

Wall Street Analysts Forecast Growth

RGA has been the topic of several recent analyst reports. Raymond James raised their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, September 24th. 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 note on Thursday, October 3rd. Piper Sandler raised their target price on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Morgan Stanley cut their target price on shares of Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. Finally, Wells Fargo & Company raised their target price 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. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Reinsurance Group of America currently has an average rating of "Moderate Buy" and a consensus price target of $227.38.

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.