Point72 Hong Kong Ltd Has $898,000 Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Point72 Hong Kong Ltd reduced its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 50.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,120 shares of the insurance provider’s stock after selling 4,222 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Reinsurance Group of America were worth $898,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RGA. Eagle Asset Management Inc. lifted its holdings in shares of Reinsurance Group of America by 15.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock worth $25,297,000 after purchasing an additional 15,289 shares in the last quarter. M&G Plc grew its holdings in shares of Reinsurance Group of America by 5.0% during the second quarter. M&G Plc now owns 85,153 shares of the insurance provider’s stock valued at $17,456,000 after buying an additional 4,025 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Reinsurance Group of America during the second quarter worth about $1,925,000. Insight Wealth Strategies LLC acquired a new stake in shares of Reinsurance Group of America in the 3rd quarter worth about $3,548,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in Reinsurance Group of America by 23.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 31,798 shares of the insurance provider’s stock valued at $6,527,000 after purchasing an additional 6,144 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on RGA shares. Morgan Stanley lowered their price objective on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Piper Sandler upped their target price on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Barclays raised their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $227.77.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the transaction, the executive vice president now owns 12,357 shares of the company’s stock, valued at $2,705,812.29. The trade was a 8.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is currently owned by corporate insiders.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $228.40 on Monday. The firm has a market capitalization of $15.04 billion, a PE ratio of 20.97 and a beta of 0.92. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $220.25 and a two-hundred day moving average price of $213.76. Reinsurance Group of America, Incorporated has a twelve month low of $157.48 and a twelve month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period last year, the firm earned $5.57 EPS. Reinsurance Group of America’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts forecast that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 32.69%.

Reinsurance Group of America Company 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.