AlphaQuest LLC Sells 4,692 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

AlphaQuest LLC cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 92.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 391 shares of the insurance provider's stock after selling 4,692 shares during the quarter. AlphaQuest LLC's holdings in Reinsurance Group of America were worth $84,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Inc. bought a new stake in Reinsurance Group of America in the 4th quarter valued at approximately $48,724,000. JPMorgan Chase & Co. lifted its stake in Reinsurance Group of America by 47.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider's stock valued at $79,512,000 after acquiring an additional 117,829 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Reinsurance Group of America by 2,791.1% in the 4th quarter. CIBC Asset Management Inc now owns 67,884 shares of the insurance provider's stock valued at $14,502,000 after acquiring an additional 65,536 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Reinsurance Group of America by 121.1% in the 4th quarter. Handelsbanken Fonder AB now owns 97,300 shares of the insurance provider's stock valued at $20,786,000 after acquiring an additional 53,300 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Reinsurance Group of America by 146.2% in the 3rd quarter. Bank of Montreal Can now owns 77,409 shares of the insurance provider's stock valued at $16,690,000 after acquiring an additional 45,972 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RGA shares. Royal Bank of Canada reiterated an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Barclays dropped their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Piper Sandler dropped their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Finally, Evercore ISI dropped their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $231.85.

Reinsurance Group of America Stock Performance

NYSE RGA traded down $0.05 on Friday, reaching $191.53. The stock had a trading volume of 1,184,580 shares, compared to its average volume of 381,438. The company has a market cap of $12.65 billion, a P/E ratio of 17.83 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The firm has a fifty day moving average of $207.05 and a two-hundred day moving average of $214.02.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is currently 33.15%.

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.