Trexquant Investment LP Makes New $4.15 Million Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

Trexquant Investment LP bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 25,621 shares of the insurance provider’s stock, valued at approximately $4,145,000.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Reinsurance Group of America by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider’s stock valued at $1,067,264,000 after purchasing an additional 110,877 shares during the period. American Century Companies Inc. grew its stake in shares of Reinsurance Group of America by 7.3% during the 3rd quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider’s stock valued at $378,288,000 after acquiring an additional 177,299 shares during the period. Earnest Partners LLC grew its stake in shares of Reinsurance Group of America by 2.7% during the 3rd quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider’s stock valued at $344,257,000 after acquiring an additional 62,045 shares during the period. Nuance Investments LLC grew its stake in shares of Reinsurance Group of America by 14.7% during the 4th quarter. Nuance Investments LLC now owns 1,114,060 shares of the insurance provider’s stock valued at $180,233,000 after acquiring an additional 142,627 shares during the period. Finally, Norges Bank bought a new position in shares of Reinsurance Group of America during the 4th quarter valued at approximately $122,301,000. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Performance

RGA stock opened at $212.10 on Thursday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $193.91 and its two-hundred day simple moving average is $176.35. Reinsurance Group of America, Incorporated has a twelve month low of $135.07 and a twelve month high of $213.21. The firm has a market cap of $13.95 billion, a price-to-earnings ratio of 16.48 and a beta of 0.88.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $4.55 by $1.47. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. The business had revenue of $6.34 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the firm posted $5.16 earnings per share. Analysts predict that Reinsurance Group of America, Incorporated will post 20.48 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, May 13th. Reinsurance Group of America’s payout ratio is 26.42%.

Insider Transactions at Reinsurance Group of America

In other news, EVP John W. Hayden sold 1,767 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total transaction of $365,503.95. Following the transaction, the executive vice president now owns 16,490 shares of the company’s stock, valued at approximately $3,410,956.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the sale, the executive vice president now directly owns 13,363 shares in the company, valued at $2,429,927.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John W. Hayden sold 1,767 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total value of $365,503.95. Following the completion of the sale, the executive vice president now owns 16,490 shares of the company’s stock, valued at $3,410,956.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,641 shares of company stock valued at $1,254,877. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Reinsurance Group of America from $189.00 to $195.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Morgan Stanley upped their price target on Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and issued a $212.00 price target on shares of Reinsurance Group of America in a research note on Friday, April 12th. Piper Sandler upped their price objective on Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods upped their price objective on Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $197.31.

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.