Entropy Technologies LP Purchases 2,669 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Entropy Technologies LP boosted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 36.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,963 shares of the insurance provider’s stock after purchasing an additional 2,669 shares during the quarter. Entropy Technologies LP’s holdings in Reinsurance Group of America were worth $2,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in RGA. WCM Investment Management LLC lifted its stake in shares of Reinsurance Group of America by 1,208.5% in the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock valued at $527,742,000 after purchasing an additional 2,260,605 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Reinsurance Group of America by 30.3% in the third quarter. Crossmark Global Holdings Inc. now owns 5,233 shares of the insurance provider’s stock valued at $1,140,000 after purchasing an additional 1,216 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Reinsurance Group of America in the third quarter valued at about $380,000. Capital Performance Advisors LLP bought a new position in Reinsurance Group of America during the third quarter worth about $37,000. Finally, Summit Global Investments grew its position in shares of Reinsurance Group of America by 177.0% during the 3rd quarter. Summit Global Investments now owns 17,989 shares of the insurance provider’s stock worth $3,919,000 after buying an additional 11,495 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the completion of the transaction, the executive vice president now directly owns 12,357 shares in the company, valued at $2,705,812.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is owned by corporate insiders.

Reinsurance Group of America Trading Up 0.7 %

NYSE RGA opened at $228.97 on Wednesday. Reinsurance Group of America, Incorporated has a 52 week low of $156.98 and a 52 week high of $230.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The stock’s 50 day moving average price is $216.24 and its two-hundred day moving average price is $210.80. The stock has a market capitalization of $15.08 billion, a price-to-earnings ratio of 21.03 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same period last year, the company earned $5.57 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. As a group, analysts anticipate that Reinsurance Group of America, Incorporated will post 21.93 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.55%. Reinsurance Group of America’s dividend payout ratio is 32.69%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RGA. Raymond James lifted their price objective on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 24th. TD Cowen assumed coverage on shares of Reinsurance Group of America in a research report on Wednesday, October 9th. They set a “hold” rating and a $235.00 price target on the stock. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Finally, Piper Sandler increased their price target on Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus price target of $227.38.

Reinsurance Group of America Company Profile

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.