4,400 Shares in Reinsurance Group of America, Incorporated $RGA Purchased by Versor Investments LP

Versor Investments LP acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,400 shares of the insurance provider’s stock, valued at approximately $845,000.

Several other large investors have also bought and sold shares of RGA. Millstone Evans Group LLC raised its position in shares of Reinsurance Group of America by 82.4% in the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Root Financial Partners LLC bought a new position in Reinsurance Group of America in the third quarter worth $33,000. LRI Investments LLC lifted its position in Reinsurance Group of America by 41.2% during the third quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock valued at $51,000 after buying an additional 77 shares during the period. IFP Advisors Inc boosted its holdings in shares of Reinsurance Group of America by 93.9% during the 2nd quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock valued at $57,000 after buying an additional 138 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in shares of Reinsurance Group of America in the 2nd quarter worth about $57,000. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $217.76 on Wednesday. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 12.27 and a beta of 0.53. The business’s fifty day simple moving average is $201.60 and its two-hundred day simple moving average is $194.01. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $229.21. The company has a current ratio of 0.14, a quick ratio of 0.13 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.86 by $1.89. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The firm had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same period in the prior year, the company posted $4.99 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. Research analysts anticipate 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.93 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.7%. Reinsurance Group of America’s payout ratio is currently 20.96%.

Analyst Upgrades and Downgrades

RGA has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lowered their price target on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Morgan Stanley set a $208.00 price target on Reinsurance Group of America in a research report on Monday, December 15th. Wells Fargo & Company raised their price objective on Reinsurance Group of America from $237.00 to $238.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Raymond James Financial downgraded Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. Seven investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Reinsurance Group of America Company Profile

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.