Arrowstreet Capital Limited Partnership Boosts Holdings in Reinsurance Group of America, Incorporated $RGA

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 44.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 335,734 shares of the insurance provider’s stock after acquiring an additional 102,698 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Reinsurance Group of America were worth $68,543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Activest Wealth Management acquired a new position in shares of Reinsurance Group of America in the fourth quarter worth $30,000. Tobam lifted its holdings in Reinsurance Group of America by 244.7% in the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Reinsurance Group of America during the 4th quarter worth about $35,000. Entrust Financial LLC purchased a new stake in shares of Reinsurance Group of America during the fourth quarter worth about $40,000. Finally, Advisory Services Network LLC acquired a new position in shares of Reinsurance Group of America in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 0.0%

Shares of RGA opened at $238.93 on Monday. Reinsurance Group of America, Incorporated has a twelve month low of $165.52 and a twelve month high of $245.00. The firm has a market capitalization of $15.65 billion, a P/E ratio of 12.94 and a beta of 0.47. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $216.78 and its 200 day simple moving average is $210.87.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.66 earnings per share. On average, equities research analysts forecast that Reinsurance Group of America, Incorporated will post 26.84 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Reinsurance Group of America’s payout ratio is currently 20.15%.

Analysts Set New Price Targets

RGA has been the topic of several recent analyst reports. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. UBS Group raised Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a research note on Friday. Barclays raised their price objective on Reinsurance Group of America from $268.00 to $278.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Finally, Evercore reaffirmed an “outperform” rating and issued a $267.00 price objective on shares of Reinsurance Group of America in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus price target of $255.00.

Insider Transactions at Reinsurance Group of America

In other news, EVP Ronald Herrmann sold 7,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 3,938 shares in the company, valued at approximately $829,264.04. The trade was a 64.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John W. Hayden sold 414 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total transaction of $88,989.30. Following the sale, the executive vice president directly owned 20,949 shares of the company’s stock, valued at approximately $4,502,987.55. This trade represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.

Reinsurance Group of America 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.