R Squared Ltd Sells 2,487 Shares of Reinsurance Group of America, Incorporated $RGA

R Squared Ltd decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 66.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,277 shares of the insurance provider’s stock after selling 2,487 shares during the period. R Squared Ltd’s holdings in Reinsurance Group of America were worth $261,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB increased its stake in shares of Reinsurance Group of America by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 570,631 shares of the insurance provider’s stock worth $116,597,000 after acquiring an additional 20,722 shares in the last quarter. SG Americas Securities LLC increased its holdings in Reinsurance Group of America by 26.5% in the 1st quarter. SG Americas Securities LLC now owns 89,847 shares of the insurance provider’s stock worth $18,343,000 after buying an additional 18,826 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Reinsurance Group of America by 616.3% during the third quarter. Tudor Investment Corp ET AL now owns 60,870 shares of the insurance provider’s stock valued at $11,695,000 after purchasing an additional 52,372 shares during the last quarter. Bank of Montreal Can raised its stake in Reinsurance Group of America by 49.4% during the 3rd quarter. Bank of Montreal Can now owns 252,159 shares of the insurance provider’s stock valued at $48,447,000 after buying an additional 83,371 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Reinsurance Group of America by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 384,160 shares of the insurance provider’s stock valued at $73,809,000 after acquiring an additional 17,292 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 1.0%

Shares of NYSE:RGA opened at $227.87 on Thursday. Reinsurance Group of America, Incorporated has a 1 year low of $165.52 and a 1 year high of $232.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $14.93 billion, a P/E ratio of 12.34 and a beta of 0.47. The business’s 50-day moving average is $210.62 and its 200 day moving average is $208.22.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period last year, the business earned $5.66 EPS. Reinsurance Group of America’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 26.86 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 20.15%.

Insider Buying and Selling

In related news, EVP John W. Hayden sold 414 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total transaction of $88,989.30. Following the sale, the executive vice president directly owned 20,949 shares of the company’s stock, valued at $4,502,987.55. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ronald Herrmann sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the sale, the executive vice president directly owned 3,938 shares in the company, valued at $829,264.04. The trade was a 64.00% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RGA shares. Barclays boosted their price objective on shares of Reinsurance Group of America from $268.00 to $278.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. UBS Group lifted their target price on Reinsurance Group of America from $220.00 to $236.00 and gave the stock a “neutral” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. Finally, Evercore reaffirmed an “outperform” rating and issued a $267.00 price objective on shares of Reinsurance Group of America in a research note on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and an average price target of $254.50.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.