XTX Topco Ltd Cuts Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

XTX Topco Ltd cut its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 50.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,527 shares of the insurance provider's stock after selling 2,605 shares during the period. XTX Topco Ltd's holdings in Reinsurance Group of America were worth $551,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Reinsurance Group of America by 9.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,701 shares of the insurance provider's stock valued at $760,000 after buying an additional 307 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Reinsurance Group of America by 62.2% in the 2nd quarter. Blue Trust Inc. now owns 3,324 shares of the insurance provider's stock valued at $641,000 after purchasing an additional 1,275 shares during the last quarter. Everpar Advisors LLC purchased a new position in shares of Reinsurance Group of America in the 2nd quarter worth approximately $225,000. Oakworth Capital Inc. bought a new position in shares of Reinsurance Group of America during the 2nd quarter valued at approximately $38,000. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Reinsurance Group of America during the 2nd quarter valued at approximately $272,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Up 0.4 %

Shares of RGA stock traded up $0.94 during mid-day trading on Friday, hitting $212.27. 496,446 shares of the stock traded hands, compared to its average volume of 355,613. The stock's fifty day moving average is $220.22 and its two-hundred day moving average is $214.23. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 52-week low of $157.48 and a 52-week high of $233.81. The stock has a market cap of $13.98 billion, a P/E ratio of 19.49 and a beta of 0.93.

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

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.69%.

Analyst Upgrades and Downgrades

Several research analysts have commented on RGA shares. Wells Fargo & Company lifted their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. TD Cowen assumed coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They set a "hold" rating and a $235.00 price target for the company. Piper Sandler increased 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 report on Wednesday, October 2nd. Barclays boosted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Finally, StockNews.com upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $227.77.

Insiders Place Their Bets

In other news, EVP William L. Hutton sold 1,209 shares of the business's stock in a transaction 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 sale, the executive vice president now directly owns 12,357 shares of the company's stock, valued at $2,705,812.29. The trade was a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.37% of the company's stock.

Reinsurance Group of America Company 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.