Trexquant Investment LP Raises Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Trexquant Investment LP lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 99.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,440 shares of the insurance provider's stock after acquiring an additional 21,142 shares during the quarter. Trexquant Investment LP owned about 0.06% of Reinsurance Group of America worth $9,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in RGA. Geode Capital Management LLC boosted its position in shares of Reinsurance Group of America by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock worth $238,031,000 after buying an additional 4,106 shares during the period. National Bank of Canada FI raised its holdings in shares of Reinsurance Group of America by 10,415.8% during the 4th quarter. National Bank of Canada FI now owns 29,339 shares of the insurance provider's stock valued at $6,273,000 after purchasing an additional 29,060 shares in the last quarter. HighPoint Advisor Group LLC bought a new position in shares of Reinsurance Group of America in the 4th quarter valued at approximately $512,000. B. Metzler seel. Sohn & Co. AG boosted its holdings in Reinsurance Group of America by 16.8% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 63,250 shares of the insurance provider's stock valued at $13,479,000 after purchasing an additional 9,075 shares during the period. Finally, Alliancebernstein L.P. grew its position in Reinsurance Group of America by 389.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock worth $239,911,000 after purchasing an additional 893,537 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on RGA shares. Evercore ISI cut their price target 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. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. 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. Morgan Stanley lowered their price objective 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. Finally, Piper Sandler decreased their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Reinsurance Group of America has a consensus rating of "Moderate Buy" and an average price target of $230.38.

Reinsurance Group of America Price Performance

RGA stock traded down $7.12 during trading on Monday, reaching $165.28. 253,628 shares of the company were exchanged, compared to its average volume of 403,355. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 15.27 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The company has a 50-day moving average of $201.62 and a two-hundred day moving average of $212.66. Reinsurance Group of America, Incorporated has a twelve month low of $150.00 and a twelve month high of $233.81.

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

Reinsurance Group of America Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's payout ratio is 33.15%.

About Reinsurance Group of America

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.