Reinsurance Group of America, Incorporated $RGA Holdings Lessened by Inspire Investing LLC

Inspire Investing LLC lessened its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 29.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,973 shares of the insurance provider’s stock after selling 9,364 shares during the quarter. Inspire Investing LLC’s holdings in Reinsurance Group of America were worth $5,411,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RGA. Reyes Financial Architecture Inc. bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at about $38,000. Whipplewood Advisors LLC grew its position in shares of Reinsurance Group of America by 4,400.0% during the first quarter. Whipplewood Advisors LLC now owns 225 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 220 shares in the last quarter. Millstone Evans Group LLC increased its holdings in shares of Reinsurance Group of America by 77.0% in the first quarter. Millstone Evans Group LLC now owns 239 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 104 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of Reinsurance Group of America by 62.7% in the third quarter. Fortitude Family Office LLC now owns 249 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 96 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Reinsurance Group of America in the second quarter worth about $53,000. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 3.0%

Shares of NYSE:RGA opened at $263.76 on Friday. The company has a market cap of $17.22 billion, a price-to-earnings ratio of 11.58 and a beta of 0.45. Reinsurance Group of America, Incorporated has a 12 month low of $178.21 and a 12 month high of $272.44. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $251.45 and a 200 day moving average price of $230.06.

Reinsurance Group of America (NYSE:RGA) last issued 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 return on equity of 14.78% and a net margin of 5.81%. The company had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.67 billion. During the same period in the previous year, the firm posted $4.72 earnings per share. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, equities research analysts predict that Reinsurance Group of America, Incorporated will post 29.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on RGA shares. Wells Fargo & Company increased their price target 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. TD Cowen lifted 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. JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $293.00 to $297.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Barclays set a $292.00 price objective on Reinsurance Group of America in a report on Thursday, October 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $270.00.

Insider Buying and Selling at Reinsurance Group of America

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

About Reinsurance Group of America

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.