Entropy Technologies LP Boosts Position in Reinsurance Group of America, Incorporated $RGA

Entropy Technologies LP boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 983.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,199 shares of the insurance provider’s stock after purchasing an additional 26,504 shares during the quarter. Entropy Technologies LP’s holdings in Reinsurance Group of America were worth $5,610,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Reinsurance Group of America during the 2nd quarter worth approximately $167,955,000. Orion Porfolio Solutions LLC grew its position in shares of Reinsurance Group of America by 6,076.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 602,503 shares of the insurance provider’s stock valued at $119,512,000 after buying an additional 592,748 shares during the last quarter. Laurel Wealth Advisors LLC raised its stake in Reinsurance Group of America by 19,387.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 561,818 shares of the insurance provider’s stock worth $111,442,000 after acquiring an additional 558,935 shares in the last quarter. American Century Companies Inc. raised its stake in Reinsurance Group of America by 35.2% during the 2nd quarter. American Century Companies Inc. now owns 2,044,818 shares of the insurance provider’s stock worth $405,610,000 after acquiring an additional 532,891 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in Reinsurance Group of America during the 2nd quarter worth $69,426,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on RGA shares. TD Cowen restated a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Barclays set a $245.00 target price on Reinsurance Group of America and gave the stock an “overweight” rating in a research report on Friday, February 6th. Wells Fargo & Company upped their target price on Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Piper Sandler restated an “overweight” rating and set a $263.00 price target on shares of Reinsurance Group of America in a research note on Friday, February 6th. Finally, Morgan Stanley lifted their price target on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $244.57.

Reinsurance Group of America Trading Down 0.6%

NYSE RGA opened at $204.76 on Friday. The firm’s fifty day moving average is $208.02 and its two-hundred day moving average is $198.23. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $229.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a market cap of $13.42 billion, a PE ratio of 11.54 and a beta of 0.50.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, topping the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The business had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter in the prior year, the firm earned $4.99 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. Analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 20.96%.

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.