Reinsurance Group of America, Incorporated $RGA Stock Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 24.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,497 shares of the insurance provider’s stock after buying an additional 11,718 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of Reinsurance Group of America worth $14,651,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Diversify Advisory Services LLC acquired a new position in shares of Reinsurance Group of America in the 3rd quarter worth approximately $354,000. Islay Capital Management LLC increased its holdings in Reinsurance Group of America by 3,921.3% during the 3rd quarter. Islay Capital Management LLC now owns 3,016 shares of the insurance provider’s stock valued at $743,000 after purchasing an additional 2,941 shares in the last quarter. USA Financial Formulas acquired a new stake in Reinsurance Group of America during the 3rd quarter valued at $147,000. Pension & Wealth Management Advisors Inc. acquired a new stake in Reinsurance Group of America during the 3rd quarter valued at $66,000. Finally, Assenagon Asset Management S.A. bought a new position in Reinsurance Group of America in the 3rd quarter valued at $30,927,000. Institutional investors own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. TD Cowen boosted their price objective on Reinsurance Group of America from $235.00 to $250.00 and gave the stock a “hold” rating in a research note on Wednesday. UBS Group upgraded Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Wells Fargo & Company raised their target price on Reinsurance Group of America from $291.00 to $292.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $293.00 to $297.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Finally, Barclays set a $292.00 price target on shares of Reinsurance Group of America in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Reinsurance Group of America presently has an average rating of “Buy” and an average target price of $270.00.

Insider Activity at Reinsurance Group of America

In other news, EVP Jonathan Porter sold 8,589 shares of Reinsurance Group of America stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $246.30, for a total value of $2,115,470.70. Following the completion of the sale, the executive vice president directly owned 14,885 shares of the company’s stock, valued at approximately $3,666,175.50. This trade represents a 36.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Reinsurance Group of America Price Performance

RGA opened at $263.76 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market capitalization of $17.22 billion, a P/E ratio of 9.07 and a beta of 0.45. The company’s 50 day simple moving average is $251.45 and its 200-day simple moving average is $230.06. Reinsurance Group of America, Incorporated has a one year low of $178.21 and a one year high of $272.44.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, August 6th. The insurance provider reported $8.89 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.39. Reinsurance Group of America had a net margin of 5.81% and a return on equity of 14.78%. The firm had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter in the previous year, the company posted $4.72 EPS. Reinsurance Group of America’s revenue was up 18.5% on a year-over-year basis. Sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 29.78 earnings per share for the current fiscal year.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated (NYSE:RGA) is a global provider of life and health reinsurance. The company works with insurance carriers to help them manage mortality, longevity, morbidity and other insurance risks, while supporting the development and distribution of life and health insurance products.

RGA’s offerings include traditional life reinsurance, including term, whole life and universal life coverage, as well as health reinsurance and financial solutions. Its financial solutions business provides capital management, asset-intensive reinsurance, longevity and other risk-management arrangements designed to help insurers manage their balance sheets and meet changing customer and regulatory needs.

Founded in 1973 as part of General American Life Insurance Company, RGA became an independent public company in 1993.