Quantbot Technologies LP Boosts Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Quantbot Technologies LP raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 384.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 14,511 shares of the insurance provider's stock after acquiring an additional 11,518 shares during the period. Quantbot Technologies LP's holdings in Reinsurance Group of America were worth $3,100,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RGA. Private Trust Co. NA boosted its position in 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 purchasing an additional 120 shares during the last quarter. Spire Wealth Management increased its stake in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after purchasing an additional 57 shares during the period. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America in the 4th quarter valued at $44,000. Versant Capital Management Inc increased its position in Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after acquiring an additional 80 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of Reinsurance Group of America by 105.3% during the third quarter. First Horizon Advisors Inc. now owns 312 shares of the insurance provider's stock worth $68,000 after purchasing an additional 160 shares during the period. Institutional investors own 95.11% of the company's stock.

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Reinsurance Group of America Stock Down 0.0 %

RGA traded down $0.01 during midday trading on Thursday, hitting $201.61. The company had a trading volume of 285,814 shares, compared to its average volume of 381,553. The stock's 50 day moving average price is $205.94 and its 200 day moving average price is $213.70. Reinsurance Group of America, Incorporated has a 52 week low of $178.84 and a 52 week high of $233.81. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 18.77 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. On average, research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

Wall Street Analyst Weigh In

RGA has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Morgan Stanley lowered their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Evercore ISI decreased their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Finally, Piper Sandler reduced their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Three 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 company. According to MarketBeat.com, Reinsurance Group of America has an average rating of "Moderate Buy" and an average price target of $231.85.

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.