Short Interest in Reinsurance Group of America, Incorporated (NYSE:RGA) Expands By 45.5%

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 613,200 shares, an increase of 45.5% from the February 28th total of 421,300 shares. Approximately 0.9% of the company's stock are sold short. Based on an average daily trading volume, of 519,800 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of Reinsurance Group of America

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. raised its stake in Reinsurance Group of America by 86.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the insurance provider's stock worth $610,000 after acquiring an additional 1,300 shares during the period. Private Trust Co. NA increased its stake in shares of Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock worth $34,000 after purchasing an additional 120 shares in the last quarter. Bank of Montreal Can raised its position in shares of Reinsurance Group of America by 146.2% during the 3rd quarter. Bank of Montreal Can now owns 77,409 shares of the insurance provider's stock valued at $16,690,000 after purchasing an additional 45,972 shares during the period. Townsquare Capital LLC lifted its stake in shares of Reinsurance Group of America by 17.3% during the 3rd quarter. Townsquare Capital LLC now owns 1,813 shares of the insurance provider's stock valued at $395,000 after buying an additional 267 shares in the last quarter. Finally, Bridgewater Associates LP lifted its stake in shares of Reinsurance Group of America by 51.5% during the 3rd quarter. Bridgewater Associates LP now owns 30,638 shares of the insurance provider's stock valued at $6,675,000 after buying an additional 10,411 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

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Reinsurance Group of America Stock Performance

Shares of NYSE RGA traded down $12.94 during midday trading on Thursday, hitting $187.02. 597,302 shares of the company's stock traded hands, compared to its average volume of 400,771. 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 stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 17.41 and a beta of 0.91. The firm has a fifty day moving average of $202.67 and a 200 day moving average of $213.05. Reinsurance Group of America has a 1 year low of $178.84 and a 1 year high of $233.81.

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

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is presently 33.15%.

Wall Street Analysts Forecast Growth

Several research firms have commented on RGA. Wells Fargo & Company boosted their target price on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $232.00 to $237.00 in a research report on Wednesday. Barclays decreased their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, Evercore ISI cut their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $230.38.

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.