Trexquant Investment LP Buys 21,142 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Trexquant Investment LP increased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 99.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,440 shares of the insurance provider’s stock after buying an additional 21,142 shares during the quarter. Trexquant Investment LP owned about 0.06% of Reinsurance Group of America worth $9,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Spire Wealth Management boosted its stake in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 57 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Reinsurance Group of America during the fourth quarter valued at approximately $44,000. Versant Capital Management Inc grew its stake in shares of Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after buying an additional 80 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Reinsurance Group of America by 99.4% in the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock worth $66,000 after buying an additional 155 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in shares of Reinsurance Group of America during the 4th quarter worth approximately $70,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

Shares of RGA stock opened at $199.89 on Thursday. The company has a market cap of $13.20 billion, a P/E ratio of 18.61 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The stock’s 50-day moving average is $203.41 and its 200 day moving average is $213.23. Reinsurance Group of America, Incorporated has a 1-year low of $178.84 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.78%. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

Analyst Ratings Changes

A number of analysts have weighed in on RGA shares. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $232.00 to $237.00 in a research note on Wednesday. Barclays decreased their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. UBS Group restated a “neutral” rating and issued a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Finally, Evercore ISI dropped their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Three research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $230.38.

Reinsurance Group of America 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.