Renaissance Technologies LLC Buys 23,700 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Renaissance Technologies LLC raised its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 22.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,600 shares of the insurance provider's stock after purchasing an additional 23,700 shares during the period. Renaissance Technologies LLC owned 0.20% of Reinsurance Group of America worth $27,473,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Spire Wealth Management lifted its stake in 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 in the last quarter. Keybank National Association OH raised its stake in Reinsurance Group of America by 2.6% during the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock valued at $500,000 after acquiring an additional 59 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Reinsurance Group of America by 0.5% during the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock worth $3,039,000 after buying an additional 72 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Reinsurance Group of America by 2.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider's stock worth $715,000 after acquiring an additional 77 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after purchasing an additional 80 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research analysts recently weighed in on RGA shares. Evercore ISI cut their target price on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their target price on Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Piper Sandler lowered their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Morgan Stanley cut their target price on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Three 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $230.15.

Reinsurance Group of America Price Performance

NYSE:RGA traded up $1.15 during mid-day trading on Tuesday, reaching $182.26. The stock had a trading volume of 378,434 shares, compared to its average volume of 407,444. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The stock has a market capitalization of $12.04 billion, a PE ratio of 16.97 and a beta of 0.70. The stock has a 50-day simple moving average of $192.96 and a two-hundred day simple moving average of $210.25.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share 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 analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.95%. Reinsurance Group of America's payout ratio is 33.15%.

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.