Squarepoint Ops LLC Has $1.45 Million Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Squarepoint Ops LLC decreased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 97.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,287 shares of the insurance provider’s stock after selling 253,241 shares during the period. Squarepoint Ops LLC’s holdings in Reinsurance Group of America were worth $1,445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sequoia Financial Advisors LLC bought a new position in shares of Reinsurance Group of America in the second quarter worth about $388,000. First Citizens Bank & Trust Co. increased its position in Reinsurance Group of America by 276.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,146 shares of the insurance provider’s stock worth $1,219,000 after purchasing an additional 4,515 shares in the last quarter. Zions Bancorporation National Association UT lifted its stake in Reinsurance Group of America by 97.2% in the 2nd quarter. Zions Bancorporation National Association UT now owns 8,177 shares of the insurance provider’s stock valued at $1,622,000 after purchasing an additional 4,031 shares during the last quarter. Bahl & Gaynor Inc. lifted its stake in Reinsurance Group of America by 81.3% in the 2nd quarter. Bahl & Gaynor Inc. now owns 509,770 shares of the insurance provider’s stock valued at $101,118,000 after purchasing an additional 228,538 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its position in Reinsurance Group of America by 20.9% in the second quarter. Ensign Peak Advisors Inc now owns 528,439 shares of the insurance provider’s stock valued at $104,821,000 after buying an additional 91,289 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Price Performance

Shares of RGA opened at $205.18 on Friday. The business has a 50-day moving average of $191.29 and a 200-day moving average of $192.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 15.78 and a beta of 0.55. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $232.97.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, October 30th. The insurance provider reported $6.37 EPS for the quarter, beating the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the prior year, the business posted $6.13 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were given a dividend of $0.93 per share. The ex-dividend date was Monday, November 10th. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. Reinsurance Group of America’s dividend payout ratio is 28.62%.

Analysts Set New Price Targets

A number of research analysts have recently commented on RGA shares. Piper Sandler reiterated an “overweight” rating on shares of Reinsurance Group of America in a research note on Tuesday, October 7th. Raymond James Financial downgraded Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Morgan Stanley set a $208.00 price objective on Reinsurance Group of America in a research note on Monday. Finally, 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 on the stock in a research report on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $241.33.

About Reinsurance Group of America

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.