Reinsurance Group of America, Incorporated $RGA Holdings Boosted by Quadrant Capital Group LLC

Quadrant Capital Group LLC raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 83.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,683 shares of the insurance provider’s stock after acquiring an additional 2,578 shares during the period. Quadrant Capital Group LLC’s holdings in Reinsurance Group of America were worth $1,127,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC grew its holdings in shares of Reinsurance Group of America by 357.1% during the first quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider’s stock valued at $44,000 after buying an additional 175 shares in the last quarter. SouthState Corp acquired a new stake in Reinsurance Group of America during the 1st quarter worth about $48,000. Oakworth Capital Inc. grew its stake in Reinsurance Group of America by 32.4% during the 2nd quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 60 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Reinsurance Group of America by 93.9% in the 2nd quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 138 shares during the period. Finally, Employees Retirement System of Texas acquired a new position in shares of Reinsurance Group of America in the 2nd quarter valued at about $57,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 0.5%

Reinsurance Group of America stock opened at $189.87 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 16.48 and a beta of 0.62. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $232.97. The company’s fifty day moving average price is $189.80 and its two-hundred day moving average price is $193.29.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.57. The company had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.13 earnings per share. On average, analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, November 10th. Reinsurance Group of America’s dividend payout ratio (DPR) is 28.62%.

Analyst Upgrades and Downgrades

Several analysts recently commented on RGA shares. Raymond James Financial cut shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Keefe, Bruyette & Woods cut their target price 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. Piper Sandler restated an “overweight” rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Finally, Barclays restated an “overweight” rating and issued a $246.00 target price on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $239.89.

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.