Reinsurance Group of America, Incorporated $RGA Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 94.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,504 shares of the insurance provider’s stock after purchasing an additional 8,971 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Reinsurance Group of America were worth $3,555,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Sequoia Financial Advisors LLC acquired a new stake in shares of Reinsurance Group of America during the 2nd quarter valued at approximately $388,000. First Citizens Bank & Trust Co. increased its stake in Reinsurance Group of America by 276.8% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,146 shares of the insurance provider’s stock valued at $1,219,000 after purchasing an additional 4,515 shares in the last quarter. Zions Bancorporation National Association UT raised its holdings in Reinsurance Group of America by 97.2% during the second quarter. Zions Bancorporation National Association UT now owns 8,177 shares of the insurance provider’s stock worth $1,622,000 after purchasing an additional 4,031 shares during the last quarter. Bahl & Gaynor Inc. boosted its position in Reinsurance Group of America by 81.3% during the second quarter. Bahl & Gaynor Inc. now owns 509,770 shares of the insurance provider’s stock worth $101,118,000 after purchasing an additional 228,538 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its holdings in Reinsurance Group of America by 20.9% in the second quarter. Ensign Peak Advisors Inc now owns 528,439 shares of the insurance provider’s stock valued at $104,821,000 after purchasing an additional 91,289 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on RGA shares. Keefe, Bruyette & Woods decreased their price objective on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Morgan Stanley set a $208.00 price target on shares of Reinsurance Group of America in a research report on Monday, December 15th. Barclays set a $237.00 price objective on Reinsurance Group of America in a research report on Thursday, January 8th. Raymond James Financial downgraded Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $238.67.

Reinsurance Group of America Price Performance

RGA stock opened at $198.58 on Tuesday. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 15.28 and a beta of 0.55. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.44. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $232.97. The stock’s fifty day simple moving average is $197.69 and its 200-day simple moving average is $193.09.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the business posted $6.13 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.