Short Interest in Reinsurance Group of America, Incorporated (NYSE:RGA) Decreases By 33.5%

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 277,000 shares, a drop of 33.5% from the January 15th total of 416,500 shares. Based on an average daily volume of 426,300 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Trading of Reinsurance Group of America

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Eagle Asset Management Inc. increased its stake in Reinsurance Group of America by 15.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider's stock worth $25,297,000 after buying an additional 15,289 shares during the period. Martin Capital Partners LLC purchased a new position in shares of Reinsurance Group of America during the fourth quarter worth approximately $1,788,000. Nordea Investment Management AB raised its stake in shares of Reinsurance Group of America by 4.8% during the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider's stock valued at $19,232,000 after acquiring an additional 4,119 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Reinsurance Group of America by 23.8% in the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock valued at $3,077,000 after purchasing an additional 2,768 shares during the period. Finally, Franklin Resources Inc. grew its stake in Reinsurance Group of America by 7.9% in the third quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider's stock worth $16,862,000 after purchasing an additional 5,699 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Piper Sandler dropped their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their target price on shares of 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. Morgan Stanley cut their target price 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 note on Friday. Royal Bank of Canada reiterated 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. Finally, Barclays cut their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. 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 data from MarketBeat.com, Reinsurance Group of America currently has an average rating of "Moderate Buy" and a consensus price target of $228.08.

Reinsurance Group of America Trading Up 0.5 %

NYSE RGA traded up $0.96 on Tuesday, hitting $199.92. 50,864 shares of the stock were exchanged, compared to its average volume of 520,168. Reinsurance Group of America has a 52-week low of $167.80 and a 52-week high of $233.81. The firm has a market capitalization of $13.17 billion, a P/E ratio of 18.62 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a fifty day moving average price of $216.09 and a two-hundred day moving average price of $216.45.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results 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 14.80%. Research analysts forecast that Reinsurance Group of America will post 23.14 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America's payout ratio is currently 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.