XTX Topco Ltd Purchases 1,858 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

XTX Topco Ltd increased its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 56.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,132 shares of the insurance provider’s stock after purchasing an additional 1,858 shares during the quarter. XTX Topco Ltd’s holdings in Reinsurance Group of America were worth $1,053,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Junto Capital Management LP acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at $92,083,000. Balyasny Asset Management L.P. bought a new position in Reinsurance Group of America during the fourth quarter worth about $67,177,000. Public Employees Retirement Association of Colorado boosted its holdings in Reinsurance Group of America by 713.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 291,125 shares of the insurance provider’s stock valued at $47,098,000 after purchasing an additional 255,326 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Reinsurance Group of America in the 1st quarter valued at approximately $24,918,000. Finally, Sei Investments Co. raised its holdings in shares of Reinsurance Group of America by 18.1% in the 4th quarter. Sei Investments Co. now owns 737,875 shares of the insurance provider’s stock worth $119,373,000 after buying an additional 113,306 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 0.4 %

NYSE RGA opened at $219.62 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52. Reinsurance Group of America, Incorporated has a 12 month low of $140.39 and a 12 month high of $227.87. The company has a market capitalization of $14.45 billion, a PE ratio of 17.06 and a beta of 0.91. The stock has a 50-day simple moving average of $212.96 and a 200 day simple moving average of $203.39.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the prior year, the business posted $4.40 EPS. Reinsurance Group of America’s revenue was up 17.4% on a year-over-year basis. Research analysts forecast that Reinsurance Group of America, Incorporated will post 21.7 EPS for the current year.

Reinsurance Group of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, August 9th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 27.66%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Piper Sandler upped their price target on Reinsurance Group of America from $228.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. Evercore ISI increased their target price on shares of Reinsurance Group of America from $225.00 to $241.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 26th. Morgan Stanley reduced their price target on shares of Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Jefferies Financial Group upped their price objective on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $208.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus price target of $223.33.

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.