MainStreet Investment Advisors LLC acquired a new stake in shares of Reinsurance Group of America Inc (NYSE:RGA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,755 shares of the insurance provider’s stock, valued at approximately $1,053,000.
Other hedge funds have also modified their holdings of the company. Fieldpoint Private Securities LLC bought a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at $113,000. Captrust Financial Advisors purchased a new position in shares of Reinsurance Group of America during the 4th quarter valued at $116,000. Focused Wealth Management Inc purchased a new position in shares of Reinsurance Group of America during the 4th quarter valued at $156,000. Parkside Financial Bank & Trust lifted its stake in Reinsurance Group of America by 250.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,195 shares of the insurance provider’s stock worth $186,000 after purchasing an additional 854 shares in the last quarter. Finally, Halsey Associates Inc. CT purchased a new stake in Reinsurance Group of America in the 3rd quarter worth $205,000. 93.38% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Alan C. Henderson sold 556 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $148.84, for a total transaction of $82,755.04. Following the sale, the director now owns 19,862 shares in the company, valued at $2,956,260.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Arnoud W.A. Boot sold 400 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $155.26, for a total transaction of $62,104.00. Following the sale, the director now owns 6,357 shares in the company, valued at approximately $986,987.82. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.
RGA has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Reinsurance Group of America from $138.00 to $135.00 and set an “underweight” rating on the stock in a research note on Thursday. Zacks Investment Research cut shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo restated a “market perform” rating and set a $165.00 target price (up from $160.00) on shares of Reinsurance Group of America in a research report on Wednesday, January 31st. Royal Bank of Canada restated a “hold” rating and set a $165.00 target price on shares of Reinsurance Group of America in a research report on Friday, December 8th. Finally, UBS began coverage on shares of Reinsurance Group of America in a report on Friday, March 2nd. They set a “neutral” rating and a $168.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $150.11.
Shares of NYSE RGA traded down $3.04 during midday trading on Friday, reaching $149.42. 340,478 shares of the company’s stock traded hands, compared to its average volume of 439,295. Reinsurance Group of America Inc has a one year low of $121.93 and a one year high of $165.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market cap of $9,830.83, a PE ratio of 14.05, a P/E/G ratio of 1.36 and a beta of 0.74.
Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Monday, January 29th. The insurance provider reported $2.60 EPS for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.24). The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.22 billion. Reinsurance Group of America had a net margin of 14.56% and a return on equity of 8.62%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.92 EPS. analysts forecast that Reinsurance Group of America Inc will post 12.42 earnings per share for the current fiscal year.
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Reinsurance Group of America Profile
Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.
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