Quadrature Capital Ltd Has $2.25 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Quadrature Capital Ltd lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 58.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,665 shares of the insurance provider’s stock after selling 16,378 shares during the quarter. Quadrature Capital Ltd’s holdings in Reinsurance Group of America were worth $2,249,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Covestor Ltd lifted its stake in shares of Reinsurance Group of America by 20.3% in the 1st quarter. Covestor Ltd now owns 374 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 63 shares during the period. Toth Financial Advisory Corp lifted its stake in shares of Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 70 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Reinsurance Group of America by 129.9% in the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 87 shares during the period. Private Advisor Group LLC lifted its stake in shares of Reinsurance Group of America by 2.2% in the 4th quarter. Private Advisor Group LLC now owns 4,246 shares of the insurance provider’s stock valued at $687,000 after purchasing an additional 92 shares during the period. Finally, Oliver Luxxe Assets LLC raised its stake in Reinsurance Group of America by 2.2% during the 1st quarter. Oliver Luxxe Assets LLC now owns 4,791 shares of the insurance provider’s stock worth $924,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

RGA has been the topic of several research analyst reports. Piper Sandler raised their price objective on Reinsurance Group of America from $228.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Raymond James raised their price objective on Reinsurance Group of America from $212.00 to $228.00 and gave the stock a “strong-buy” rating in a research note on Friday, June 14th. Wells Fargo & Company raised their price objective on Reinsurance Group of America from $210.00 to $227.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Morgan Stanley raised their price objective on Reinsurance Group of America from $216.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 10th. Finally, UBS Group raised their price objective on Reinsurance Group of America from $223.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.64.

Reinsurance Group of America Stock Up 1.1 %

Shares of NYSE RGA traded up $2.40 during mid-day trading on Friday, hitting $221.58. The company had a trading volume of 461,405 shares, compared to its average volume of 395,475. The company has a market capitalization of $14.58 billion, a PE ratio of 17.22 and a beta of 0.92. The firm has a 50-day simple moving average of $208.76 and a two-hundred day simple moving average of $191.76. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a one year low of $135.07 and a one year high of $223.85.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $4.55 by $1.47. The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. During the same quarter last year, the company earned $5.16 EPS. On average, equities analysts expect that Reinsurance Group of America, Incorporated will post 21.11 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Monday, May 13th. Reinsurance Group of America’s payout ratio is 26.42%.

Insider Activity

In other news, EVP John W. Hayden sold 1,767 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total value of $365,503.95. Following the completion of the transaction, the executive vice president now owns 16,490 shares in the company, valued at approximately $3,410,956.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is owned by corporate insiders.

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.