Quadrature Capital Ltd Sells 7,003 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Quadrature Capital Ltd lowered its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 60.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,676 shares of the insurance provider's stock after selling 7,003 shares during the period. Quadrature Capital Ltd's holdings in Reinsurance Group of America were worth $1,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RGA. Armstrong Advisory Group Inc. acquired a new position in shares of Reinsurance Group of America in the 3rd quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in shares of Reinsurance Group of America in the second quarter worth about $28,000. Family Firm Inc. acquired a new position in shares of Reinsurance Group of America in the second quarter worth about $29,000. Wolff Wiese Magana LLC purchased a new position in shares of Reinsurance Group of America in the third quarter worth approximately $34,000. Finally, Private Trust Co. NA raised its holdings in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after acquiring an additional 120 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RGA shares. Piper Sandler raised their price objective on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. TD Cowen initiated coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They issued a "hold" rating and a $235.00 target price on the stock. Raymond James increased 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 report on Tuesday, September 24th. JPMorgan Chase & Co. boosted their price objective on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $227.77.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA traded down $1.23 on Friday, hitting $220.30. 239,017 shares of the company were exchanged, compared to its average volume of 317,483. The company's 50 day moving average price is $220.76 and its two-hundred day moving average price is $214.20. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 20.23 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. 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 posted its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating the consensus estimate of $5.31 by $0.82. The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.57 EPS. Research analysts expect that Reinsurance Group of America, Incorporated will post 21.67 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America's dividend payout ratio is 32.69%.

Insider Transactions at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction dated 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 $2,705,812.29. This trade represents a 8.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.37% of the stock is owned by insiders.

About Reinsurance Group of America

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.