Reinsurance Group of America, Incorporated (NYSE:RGA) Sees Significant Decline in Short Interest

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 481,800 shares, a decline of 21.4% from the March 15th total of 613,200 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 518,500 shares, the days-to-cover ratio is presently 0.9 days.

Reinsurance Group of America Price Performance

RGA traded up $2.78 during trading on Thursday, reaching $191.91. The stock had a trading volume of 127,409 shares, compared to its average volume of 406,409. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The business has a 50-day moving average of $189.98 and a 200-day moving average of $208.76. Reinsurance Group of America has a one year low of $159.25 and a one year high of $233.81. The stock has a market cap of $12.68 billion, a PE ratio of 17.87 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts' consensus estimates 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%. As a group, equities research analysts anticipate that Reinsurance Group of America will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.86%. Reinsurance Group of America's payout ratio is 33.15%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RGA shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Evercore ISI reduced their target price on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Piper Sandler lowered their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Finally, Barclays lowered their target price on shares of 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. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $230.15.

Hedge Funds Weigh In On Reinsurance Group of America

Institutional investors and hedge funds have recently made changes to their positions in the business. Colonial Trust Co SC boosted its position in Reinsurance Group of America by 72.2% during the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after buying an additional 57 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of Reinsurance Group of America in the 1st quarter valued at about $28,000. Golden State Wealth Management LLC boosted its holdings in Reinsurance Group of America by 164.3% during the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 92 shares during the period. Spire Wealth Management grew its position in Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after acquiring an additional 57 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Reinsurance Group of America in the 4th quarter worth approximately $44,000. Institutional investors own 95.11% 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.