Kapitalo Investimentos Ltda Has $366,000 Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Kapitalo Investimentos Ltda increased its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 403.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,264 shares of the insurance provider’s stock after buying an additional 1,814 shares during the period. Kapitalo Investimentos Ltda’s holdings in Reinsurance Group of America were worth $366,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its position in Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 87 shares during the period. Pineridge Advisors LLC bought a new stake in Reinsurance Group of America during the fourth quarter worth approximately $26,000. VisionPoint Advisory Group LLC boosted its position in Reinsurance Group of America by 116.3% during the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 114 shares during the period. Toth Financial Advisory Corp boosted its position in Reinsurance Group of America by 41.2% during the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 70 shares during the period. Finally, Covestor Ltd boosted its position in Reinsurance Group of America by 532.8% during the third quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 357 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 1.2 %

Shares of RGA stock opened at $206.30 on Wednesday. The stock has a market cap of $13.57 billion, a P/E ratio of 16.03 and a beta of 0.92. Reinsurance Group of America, Incorporated has a one year low of $135.07 and a one year high of $213.21. The stock has a fifty day moving average price of $199.93 and a 200 day moving average price of $182.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, topping the consensus estimate of $4.55 by $1.47. The firm had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. During the same period last year, the business earned $5.16 earnings per share. Analysts predict that Reinsurance Group of America, Incorporated will post 20.94 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, May 28th. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.85 per share. The ex-dividend date was Monday, May 13th. This represents a $3.40 annualized dividend and a yield of 1.65%. Reinsurance Group of America’s dividend payout ratio is currently 26.42%.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP John W. Hayden sold 1,767 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total transaction of $365,503.95. Following the completion of the transaction, the executive vice president now directly owns 16,490 shares in the company, valued at $3,410,956.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

RGA has been the subject of a number of recent analyst reports. Piper Sandler upped their target price on Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Evercore ISI increased their price objective on Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods increased their price objective on Reinsurance Group of America from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $189.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, UBS Group increased their price objective on Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $211.00.

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.