Reinsurance Group of America, Incorporated $RGA Shares Bought by Martin Capital Partners LLC

Martin Capital Partners LLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 13.3% during the 2nd quarter, Holdings Channel reports. The fund owned 32,560 shares of the insurance provider’s stock after buying an additional 3,819 shares during the quarter. Reinsurance Group of America comprises about 2.5% of Martin Capital Partners LLC’s holdings, making the stock its 15th biggest position. Martin Capital Partners LLC’s holdings in Reinsurance Group of America were worth $6,924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RGA. Activest Wealth Management purchased a new position in Reinsurance Group of America during the fourth quarter worth about $30,000. Tobam boosted its holdings in Reinsurance Group of America by 244.7% in the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Reinsurance Group of America in the 4th quarter valued at approximately $35,000. Advisory Services Network LLC acquired a new position in Reinsurance Group of America during the 3rd quarter worth approximately $38,000. Finally, Entrust Financial LLC acquired a new position in Reinsurance Group of America during the 4th quarter worth approximately $40,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Reinsurance Group of America

In related news, EVP Ronald Herrmann sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total value of $1,474,060.00. Following the completion of the transaction, the executive vice president directly owned 3,938 shares of the company’s stock, valued at $829,264.04. This trade represents a 64.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John W. Hayden sold 414 shares of Reinsurance Group of America stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total value of $88,989.30. Following the transaction, the executive vice president directly owned 20,949 shares of the company’s stock, valued at approximately $4,502,987.55. This represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Reinsurance Group of America Trading Down 0.1%

Shares of RGA opened at $236.14 on Wednesday. Reinsurance Group of America, Incorporated has a twelve month low of $176.96 and a twelve month high of $245.00. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $15.47 billion, a P/E ratio of 12.79 and a beta of 0.47. The firm’s 50-day moving average is $220.26 and its two-hundred day moving average is $212.72.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period last year, the firm earned $5.66 EPS. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 26.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RGA has been the subject of several recent analyst reports. Piper Sandler reduced their price target on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a report on Wednesday, May 13th. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Wells Fargo & Company raised their target price on Reinsurance Group of America from $261.00 to $269.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Finally, Barclays boosted their target price on shares of Reinsurance Group of America from $268.00 to $278.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.00.

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.