Point72 Hong Kong Ltd Decreases Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Point72 Hong Kong Ltd lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 50.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,120 shares of the insurance provider's stock after selling 4,222 shares during the period. Point72 Hong Kong Ltd's holdings in Reinsurance Group of America were worth $898,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Earnest Partners LLC boosted its holdings in Reinsurance Group of America by 1.9% in the second quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider's stock valued at $539,476,000 after acquiring an additional 50,228 shares in the last quarter. WCM Investment Management LLC lifted its position in Reinsurance Group of America by 1,208.5% during the third quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider's stock valued at $527,742,000 after buying an additional 2,260,605 shares during the period. Sei Investments Co. lifted its position in Reinsurance Group of America by 5.9% during the second quarter. Sei Investments Co. now owns 825,719 shares of the insurance provider's stock valued at $169,497,000 after buying an additional 45,709 shares during the period. Zurich Insurance Group Ltd FI lifted its position in Reinsurance Group of America by 681.8% during the second quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider's stock valued at $104,244,000 after buying an additional 442,883 shares during the period. Finally, Millennium Management LLC lifted its position in Reinsurance Group of America by 43.8% during the second quarter. Millennium Management LLC now owns 437,266 shares of the insurance provider's stock valued at $89,758,000 after buying an additional 133,212 shares during the period. Institutional investors own 95.11% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Morgan Stanley lowered their price objective on Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating for the company in a research report on Monday, August 19th. Barclays lifted their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. StockNews.com raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on 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. Finally, Keefe, Bruyette & Woods raised Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $227.77.

Insider Buying and Selling

In related news, EVP William L. Hutton sold 1,209 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the transaction, the executive vice president now directly owns 12,357 shares of the company's stock, valued at approximately $2,705,812.29. The trade was a 8.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is owned by insiders.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock traded down $0.43 during trading hours on Monday, reaching $227.97. 117,621 shares of the stock traded hands, compared to its average volume of 353,886. The company has a 50 day moving average price of $220.25 and a 200 day moving average price of $213.76. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of 20.86 and a beta of 0.92. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. Reinsurance Group of America, Incorporated has a one year low of $157.48 and a one year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.31 by $0.82. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The firm's revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.57 EPS. On average, equities research analysts expect that Reinsurance Group of America, Incorporated will post 21.67 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a $0.89 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.56%. Reinsurance Group of America's dividend payout ratio is presently 32.69%.

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.