SG Americas Securities LLC Sells 123,812 Shares of Reinsurance Group of America, Incorporated $RGA

SG Americas Securities LLC reduced its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 99.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 969 shares of the insurance provider’s stock after selling 123,812 shares during the quarter. SG Americas Securities LLC’s holdings in Reinsurance Group of America were worth $186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RGA. Richard W. Paul & Associates LLC increased its position in shares of Reinsurance Group of America by 3.7% during the second quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock worth $302,000 after buying an additional 54 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Reinsurance Group of America by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Paulson Wealth Management Inc. lifted its stake in shares of Reinsurance Group of America by 4.5% in the 2nd quarter. Paulson Wealth Management Inc. now owns 1,569 shares of the insurance provider’s stock valued at $311,000 after purchasing an additional 67 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Reinsurance Group of America by 3.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,021 shares of the insurance provider’s stock valued at $401,000 after purchasing an additional 69 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Reinsurance Group of America by 2.9% during the third quarter. GAMMA Investing LLC now owns 2,897 shares of the insurance provider’s stock worth $557,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

RGA stock opened at $199.23 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.13 and a current ratio of 0.13. The business has a 50-day simple moving average of $198.35 and a two-hundred day simple moving average of $193.17. The company has a market capitalization of $13.09 billion, a P/E ratio of 15.33 and a beta of 0.55. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $232.97.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the company earned $6.13 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Raymond James Financial lowered Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $237.00 to $238.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods cut their target price on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Morgan Stanley set a $208.00 price target on shares of Reinsurance Group of America in a research note on Monday, December 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $238.67.

About Reinsurance Group of America

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.