Reinsurance Group of America, Incorporated $RGA Shares Purchased by Entropy Technologies LP

Entropy Technologies LP raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 983.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 29,199 shares of the insurance provider’s stock after acquiring an additional 26,504 shares during the quarter. Entropy Technologies LP’s holdings in Reinsurance Group of America were worth $5,610,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of RGA. ProShare Advisors LLC increased its stake in shares of Reinsurance Group of America by 3.2% during the third quarter. ProShare Advisors LLC now owns 182,162 shares of the insurance provider’s stock worth $34,999,000 after acquiring an additional 5,586 shares during the period. Y Intercept Hong Kong Ltd lifted its position in Reinsurance Group of America by 94.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 18,504 shares of the insurance provider’s stock valued at $3,555,000 after purchasing an additional 8,971 shares during the period. Nuance Investments LLC boosted its holdings in Reinsurance Group of America by 30.6% in the 3rd quarter. Nuance Investments LLC now owns 47,334 shares of the insurance provider’s stock valued at $9,094,000 after purchasing an additional 11,095 shares in the last quarter. Algebris UK Ltd. purchased a new stake in Reinsurance Group of America in the 3rd quarter valued at approximately $10,750,000. Finally, Federated Hermes Inc. increased its position in Reinsurance Group of America by 1.6% during the 3rd quarter. Federated Hermes Inc. now owns 354,762 shares of the insurance provider’s stock worth $68,160,000 after purchasing an additional 5,651 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RGA shares. TD Cowen reissued a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Barclays set a $245.00 price objective on Reinsurance Group of America and gave the stock an “overweight” rating in a report on Friday, February 6th. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average price target of $244.57.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $204.76 on Friday. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of 11.54 and a beta of 0.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.14 and a quick ratio of 0.14. The business’s 50 day simple moving average is $208.02 and its 200-day simple moving average is $198.23. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $229.21.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, beating the consensus estimate of $5.86 by $1.89. The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.Reinsurance Group of America’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period last year, the business posted $4.99 EPS. As a group, equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a $0.93 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.8%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 20.96%.

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.