Foster & Motley Inc. Decreases Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Foster & Motley Inc. decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,111 shares of the insurance provider’s stock after selling 1,453 shares during the quarter. Foster & Motley Inc.’s holdings in Reinsurance Group of America were worth $1,733,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Reinsurance Group of America by 8.9% during the 3rd quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider’s stock worth $133,000 after acquiring an additional 50 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of Reinsurance Group of America by 1.2% during the 3rd quarter. Resonant Capital Advisors LLC now owns 4,368 shares of the insurance provider’s stock worth $952,000 after acquiring an additional 53 shares in the last quarter. Baron Wealth Management LLC boosted its stake in shares of Reinsurance Group of America by 4.5% during the 3rd quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider’s stock worth $324,000 after acquiring an additional 64 shares in the last quarter. Tectonic Advisors LLC boosted its stake in shares of Reinsurance Group of America by 3.0% during the 3rd quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider’s stock worth $514,000 after acquiring an additional 69 shares in the last quarter. Finally, Mount Lucas Management LP boosted its stake in shares of Reinsurance Group of America by 2.9% during the 3rd quarter. Mount Lucas Management LP now owns 2,592 shares of the insurance provider’s stock worth $565,000 after acquiring an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

RGA has been the topic of a number of recent research reports. TD Cowen initiated coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They issued a “hold” rating and a $235.00 target price on the stock. Wells Fargo & Company upped their target price on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Barclays reduced their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.31.

Reinsurance Group of America Trading Up 0.7 %

RGA stock opened at $231.00 on Friday. The company has a market cap of $15.21 billion, a price-to-earnings ratio of 21.21 and a beta of 0.94. 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 business has a fifty day simple moving average of $219.31 and a 200-day simple moving average of $216.89. Reinsurance Group of America, Incorporated has a 52 week low of $163.81 and a 52 week 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 analysts’ consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the prior year, the firm posted $5.57 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts expect that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current year.

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.