Quadrature Capital Ltd Sells 7,003 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Quadrature Capital Ltd decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 60.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,676 shares of the insurance provider’s stock after selling 7,003 shares during the period. Quadrature Capital Ltd’s holdings in Reinsurance Group of America were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in RGA. Earnest Partners LLC boosted its holdings in shares of Reinsurance Group of America by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider’s stock valued at $539,476,000 after purchasing an additional 50,228 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Reinsurance Group of America by 1,208.5% during the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock worth $527,742,000 after buying an additional 2,260,605 shares during the last quarter. Sei Investments Co. lifted its position in shares of Reinsurance Group of America by 5.9% during the 2nd quarter. Sei Investments Co. now owns 825,719 shares of the insurance provider’s stock worth $169,497,000 after buying an additional 45,709 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its stake in Reinsurance Group of America by 681.8% in the second quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider’s stock valued at $104,244,000 after buying an additional 442,883 shares in the last quarter. Finally, Millennium Management LLC grew its position in Reinsurance Group of America by 43.8% in the second quarter. Millennium Management LLC now owns 437,266 shares of the insurance provider’s stock valued at $89,758,000 after acquiring an additional 133,212 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on RGA shares. TD Cowen began coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 target price for the company. Royal Bank of Canada increased their price objective on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $227.77.

Insider Transactions at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the sale, the executive vice president now owns 12,357 shares in the company, valued at $2,705,812.29. This represents a 8.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.37% of the company’s stock.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $220.30 on Friday. The firm has a market cap of $14.51 billion, a P/E ratio of 20.23 and a beta of 0.93. The stock’s 50 day moving average is $220.76 and its 200 day moving average is $214.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a one year low of $157.48 and a one year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the company earned $5.57 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts expect that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.89 per share. The ex-dividend date was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.62%. Reinsurance Group of America’s payout ratio is currently 32.69%.

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.