Versor Investments LP Acquires 4,972 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Versor Investments LP raised its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 79.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,256 shares of the insurance provider's stock after acquiring an additional 4,972 shares during the period. Reinsurance Group of America makes up 0.4% of Versor Investments LP's holdings, making the stock its 28th largest position. Versor Investments LP's holdings in Reinsurance Group of America were worth $2,405,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RGA. Private Trust Co. NA increased its holdings in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 120 shares during the period. Strengthening Families & Communities LLC acquired a new position in Reinsurance Group of America during the 3rd quarter valued at about $36,000. Capital Performance Advisors LLP bought a new stake in shares of Reinsurance Group of America during the 3rd quarter worth about $37,000. Spire Wealth Management raised its position in shares of 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 buying an additional 57 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after acquiring an additional 80 shares during the period. Institutional investors own 95.11% of the company's stock.

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Reinsurance Group of America Stock Down 2.1 %

Shares of RGA traded down $4.16 during trading hours on Monday, reaching $198.53. The company's stock had a trading volume of 419,235 shares, compared to its average volume of 541,015. The company has a 50 day moving average of $214.26 and a two-hundred day moving average of $216.31. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 18.49 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 1-year low of $175.88 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.89 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.79%. Reinsurance Group of America's payout ratio is 33.15%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Royal Bank of Canada restated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Morgan Stanley lowered 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 report on Friday, February 14th. Finally, Barclays cut their price target 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. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and a consensus price target of $229.62.

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.