Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 48.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,993 shares of the insurance provider’s stock after selling 2,868 shares during the quarter. Quantbot Technologies LP’s holdings in Reinsurance Group of America were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Eagle Asset Management Inc. lifted its stake in shares of Reinsurance Group of America by 15.7% during the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock worth $25,297,000 after purchasing an additional 15,289 shares in the last quarter. M&G Plc boosted its holdings in Reinsurance Group of America by 5.0% in the 2nd quarter. M&G Plc now owns 85,153 shares of the insurance provider’s stock worth $17,456,000 after acquiring an additional 4,025 shares during the period. Sanctuary Advisors LLC acquired a new stake in Reinsurance Group of America in the second quarter valued at approximately $1,925,000. Insight Wealth Strategies LLC purchased a new stake in shares of Reinsurance Group of America during the third quarter valued at approximately $3,548,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Reinsurance Group of America by 23.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 31,798 shares of the insurance provider’s stock worth $6,527,000 after purchasing an additional 6,144 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the transaction, the executive vice president now owns 12,357 shares in the company, valued at approximately $2,705,812.29. The trade was a 8.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.37% of the stock is owned by insiders.

Reinsurance Group of America Stock Down 0.4 %

Shares of Reinsurance Group of America stock opened at $227.41 on Tuesday. The stock has a market capitalization of $14.98 billion, a price-to-earnings ratio of 20.88 and a beta of 0.92. Reinsurance Group of America, Incorporated has a twelve month low of $157.48 and a twelve month high of $233.81. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The business’s 50 day simple moving average is $220.39 and its 200-day simple moving average is $213.88.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same period last year, the company earned $5.57 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 21.67 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s payout ratio is 32.69%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Piper Sandler boosted their price target on Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Raymond James increased their target price on Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 24th. Barclays lifted their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, TD Cowen initiated coverage on shares of Reinsurance Group of America in a research report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 target price for the company. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $227.77.

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.