Mutual of America Capital Management LLC Lowers Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Mutual of America Capital Management LLC lessened its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 40.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 30,525 shares of the insurance provider’s stock after selling 20,386 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Reinsurance Group of America were worth $5,865,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RGA. Millstone Evans Group LLC boosted its stake in shares of Reinsurance Group of America by 82.4% in the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 61 shares during the period. Root Financial Partners LLC purchased a new position in Reinsurance Group of America in the 3rd quarter worth approximately $33,000. IFP Advisors Inc boosted its stake in Reinsurance Group of America by 93.9% in the 2nd quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 138 shares during the period. Employees Retirement System of Texas bought a new position in Reinsurance Group of America in the 2nd quarter worth approximately $57,000. Finally, True Wealth Design LLC grew its holdings in Reinsurance Group of America by 1,323.8% during the 2nd quarter. True Wealth Design LLC now owns 299 shares of the insurance provider’s stock valued at $59,000 after buying an additional 278 shares in the last quarter. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock opened at $196.59 on Thursday. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 15.12 and a beta of 0.55. 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 stock has a 50 day moving average price of $198.06 and a 200-day moving average price of $193.13. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $232.97.

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

Wall Street Analysts Forecast Growth

RGA has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Morgan Stanley set a $208.00 price target on shares of Reinsurance Group of America in a research note on Monday, December 15th. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Wells Fargo & Company lifted their target price on Reinsurance Group of America from $237.00 to $238.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Finally, Barclays set a $237.00 price target on Reinsurance Group of America in a research note on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $238.67.

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.