XTX Topco Ltd Acquires 1,858 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

XTX Topco Ltd lifted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 56.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,132 shares of the insurance provider’s stock after purchasing an additional 1,858 shares during the quarter. XTX Topco Ltd’s holdings in Reinsurance Group of America were worth $1,053,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Junto Capital Management LP bought a new position in Reinsurance Group of America in the fourth quarter valued at approximately $92,083,000. Balyasny Asset Management L.P. acquired a new stake in shares of Reinsurance Group of America during the fourth quarter worth $67,177,000. Public Employees Retirement Association of Colorado raised its holdings in shares of Reinsurance Group of America by 713.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 291,125 shares of the insurance provider’s stock worth $47,098,000 after acquiring an additional 255,326 shares during the period. Jupiter Asset Management Ltd. bought a new stake in Reinsurance Group of America in the 1st quarter valued at $24,918,000. Finally, Sei Investments Co. boosted its stake in Reinsurance Group of America by 18.1% in the 4th quarter. Sei Investments Co. now owns 737,875 shares of the insurance provider’s stock worth $119,373,000 after purchasing an additional 113,306 shares during the period. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $219.62 on Friday. The firm has a market capitalization of $14.45 billion, a P/E ratio of 17.06 and a beta of 0.91. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average price is $212.96 and its two-hundred day moving average price is $203.39. Reinsurance Group of America, Incorporated has a 1 year low of $140.39 and a 1 year high of $227.87.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The company had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the prior year, the firm earned $4.40 EPS. Reinsurance Group of America’s quarterly revenue was up 17.4% compared to the same quarter last year. As a group, research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.7 EPS for the current year.

Reinsurance Group of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, August 9th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 27.66%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RGA. Barclays began coverage on Reinsurance Group of America in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $255.00 price target on the stock. Citigroup lifted their target price on Reinsurance Group of America from $194.00 to $252.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price target on Reinsurance Group of America from $208.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Raymond James lifted their price objective on shares of Reinsurance Group of America from $212.00 to $228.00 and gave the company a “strong-buy” rating in a report on Friday, June 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $236.00 to $239.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and an average price target of $223.33.

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.