AXQ Capital LP Makes New $526,000 Investment in Reinsurance Group of America, Incorporated $RGA

AXQ Capital LP acquired a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,587 shares of the insurance provider’s stock, valued at approximately $526,000.

Several other large investors also recently bought and sold shares of the company. Rehmann Capital Advisory Group increased its stake in Reinsurance Group of America by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 4,281 shares of the insurance provider’s stock worth $819,000 after buying an additional 54 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Reinsurance Group of America by 1.0% in the third quarter. Bessemer Group Inc. now owns 5,776 shares of the insurance provider’s stock valued at $1,110,000 after purchasing an additional 58 shares in the last quarter. Xponance Inc. grew its position in shares of Reinsurance Group of America by 0.8% in the third quarter. Xponance Inc. now owns 7,637 shares of the insurance provider’s stock valued at $1,467,000 after purchasing an additional 58 shares in the last quarter. Covestor Ltd grew its position in shares of Reinsurance Group of America by 12.2% in the fourth quarter. Covestor Ltd now owns 533 shares of the insurance provider’s stock valued at $108,000 after purchasing an additional 58 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Reinsurance Group of America by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Piper Sandler dropped their price target on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Morgan Stanley upped their price target on Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. UBS Group upped their price target on Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Wednesday, May 13th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $251.25.

Reinsurance Group of America Stock Down 1.5%

NYSE:RGA opened at $195.39 on Thursday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average is $207.96 and its two-hundred day moving average is $204.88. Reinsurance Group of America, Incorporated has a 52 week low of $165.52 and a 52 week high of $229.21. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 10.58 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the prior year, the firm earned $5.66 earnings per share. The firm’s revenue was up 23.5% compared to the same quarter last year. Research analysts anticipate that Reinsurance Group of America, Incorporated will post 26.88 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio is 20.15%.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 7,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the transaction, the executive vice president directly owned 3,938 shares in the company, valued at $829,264.04. This represents a 64.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John W. Hayden sold 414 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the sale, the executive vice president owned 20,949 shares in the company, valued at approximately $4,502,987.55. The trade was a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by corporate insiders.

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.