Bowling Portfolio Management LLC purchased a new stake in shares of Reinsurance Group of America Inc (NYSE:RGA) during the 4th quarter, HoldingsChannel reports. The fund purchased 32,813 shares of the insurance provider’s stock, valued at approximately $5,117,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its holdings in shares of Reinsurance Group of America by 225.8% during the 2nd quarter. IHT Wealth Management LLC now owns 202 shares of the insurance provider’s stock valued at $309,000 after buying an additional 140 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Reinsurance Group of America by 11.7% during the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after buying an additional 83 shares during the period. Fieldpoint Private Securities LLC bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at $113,000. D.A. Davidson & CO. lifted its holdings in shares of Reinsurance Group of America by 27.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock valued at $148,000 after buying an additional 248 shares during the period. Finally, Foster & Motley Inc. purchased a new stake in shares of Reinsurance Group of America in the 4th quarter worth $207,000. 91.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Reinsurance Group of America Inc (NYSE:RGA) traded up $0.59 during trading hours on Monday, hitting $162.45. 266,400 shares of the company were exchanged, compared to its average volume of 269,338. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.34. Reinsurance Group of America Inc has a 1 year low of $121.93 and a 1 year high of $165.12. The company has a market cap of $10,510.00, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.47 and a beta of 0.82.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.08 billion. Reinsurance Group of America had a net margin of 6.44% and a return on equity of 9.32%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 earnings per share. equities research analysts predict that Reinsurance Group of America Inc will post 11.07 earnings per share for the current fiscal year.

A number of research analysts recently commented on RGA shares. Royal Bank of Canada reaffirmed a “hold” rating and issued a $165.00 price target on shares of Reinsurance Group of America in a report on Friday, December 8th. Zacks Investment Research raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 price target for the company in a report on Thursday, January 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $148.00 price target on shares of Reinsurance Group of America in a report on Friday, November 10th. Citigroup set a $171.00 price target on shares of Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $160.00 price target (up previously from $150.00) on shares of Reinsurance Group of America in a report on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $146.88.

In other Reinsurance Group of America news, EVP John P. Laughlin, Jr. sold 500 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $155.60, for a total value of $77,800.00. Following the completion of the sale, the executive vice president now owns 26,777 shares of the company’s stock, valued at $4,166,501.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christine Rose Detrick sold 659 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total transaction of $98,520.50. Following the completion of the sale, the director now directly owns 4,023 shares of the company’s stock, valued at approximately $601,438.50. The disclosure for this sale can be found here. In the last three months, insiders sold 2,159 shares of company stock valued at $326,281. 1.76% of the stock is owned by insiders.

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Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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