Baron Wealth Management LLC Sells 55 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Baron Wealth Management LLC lowered its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,430 shares of the insurance provider’s stock after selling 55 shares during the period. Baron Wealth Management LLC’s holdings in Reinsurance Group of America were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. WCM Investment Management LLC grew its position in shares of Reinsurance Group of America by 1,208.5% during the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock valued at $527,742,000 after purchasing an additional 2,260,605 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Reinsurance Group of America by 47.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after acquiring an additional 117,829 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at about $11,803,000. Bank of Montreal Can grew its holdings in shares of Reinsurance Group of America by 146.2% during the third quarter. Bank of Montreal Can now owns 77,409 shares of the insurance provider’s stock worth $16,690,000 after purchasing an additional 45,972 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Reinsurance Group of America by 31.1% in the third quarter. Natixis Advisors LLC now owns 193,698 shares of the insurance provider’s stock worth $42,201,000 after purchasing an additional 45,924 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 0.3 %

Shares of RGA opened at $229.32 on Thursday. Reinsurance Group of America, Incorporated has a 1-year low of $163.81 and a 1-year high of $233.81. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $219.26 and its 200-day moving average price is $216.80. The firm has a market capitalization of $15.10 billion, a price-to-earnings ratio of 21.06 and a beta of 0.94.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.31 by $0.82. The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.57 EPS. Sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current year.

Analyst Upgrades and Downgrades

RGA has been the subject of a number of research reports. TD Cowen assumed coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price target for the company. Wells Fargo & Company raised their price target on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Piper Sandler upped their price objective on Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Royal Bank of Canada upped their target price on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Three equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $228.31.

Reinsurance Group of America 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.