ExodusPoint Capital Management LP Has $10.10 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

ExodusPoint Capital Management LP boosted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 293.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,288 shares of the insurance provider’s stock after buying an additional 35,269 shares during the period. ExodusPoint Capital Management LP’s holdings in Reinsurance Group of America were worth $10,102,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management lifted its holdings in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 57 shares during the period. Keybank National Association OH boosted its holdings in shares of Reinsurance Group of America by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider’s stock valued at $500,000 after purchasing an additional 59 shares in the last quarter. Inspire Investing LLC increased its stake in shares of Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock valued at $3,039,000 after purchasing an additional 72 shares during the last quarter. Integrated Investment Consultants LLC raised its holdings in shares of Reinsurance Group of America by 2.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider’s stock worth $715,000 after buying an additional 77 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after buying an additional 80 shares in the last quarter. 95.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on RGA shares. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $232.00 to $237.00 in a research report on Wednesday. UBS Group reiterated a “neutral” rating and set a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday. Piper Sandler dropped their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Morgan Stanley decreased their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, Barclays dropped their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $230.38.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $172.27 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a fifty-two week low of $170.19 and a fifty-two week high of $233.81. The company has a 50 day simple moving average of $201.62 and a two-hundred day simple moving average of $212.73. The company has a market capitalization of $11.37 billion, a PE ratio of 16.04 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is 33.15%.

About Reinsurance Group of America

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.