Reinsurance Group of America, Incorporated $RGA Holdings Raised by Sterling Capital Management LLC

Sterling Capital Management LLC increased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 253.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,690 shares of the insurance provider’s stock after acquiring an additional 8,387 shares during the quarter. Sterling Capital Management LLC’s holdings in Reinsurance Group of America were worth $2,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of RGA. SEB Asset Management AB bought a new stake in Reinsurance Group of America in the first quarter valued at approximately $81,533,000. Bank of New York Mellon Corp purchased a new stake in shares of Reinsurance Group of America during the second quarter valued at approximately $82,836,000. Lazard Asset Management LLC boosted its stake in shares of Reinsurance Group of America by 2,626.6% during the first quarter. Lazard Asset Management LLC now owns 195,794 shares of the insurance provider’s stock valued at $39,973,000 after purchasing an additional 188,613 shares during the period. Wedge Capital Management L L P NC grew its holdings in shares of Reinsurance Group of America by 965.2% in the second quarter. Wedge Capital Management L L P NC now owns 179,440 shares of the insurance provider’s stock worth $38,158,000 after purchasing an additional 162,594 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Reinsurance Group of America in the third quarter worth approximately $30,927,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Jonathan Porter sold 8,589 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 14,885 shares of the company’s stock, valued at approximately $3,666,175.50. The trade was a 36.59% decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

RGA has been the topic of several analyst reports. UBS Group raised shares of Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Friday, August 7th. TD Cowen increased their price target on shares of Reinsurance Group of America from $235.00 to $250.00 and gave the company a “hold” rating in a research report on Wednesday, October 21st. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $291.00 to $292.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Finally, Barclays set a $292.00 price objective on shares of Reinsurance Group of America in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Buy” and an average target price of $270.00.

Reinsurance Group of America Trading Down 0.1%

RGA opened at $263.76 on Monday. The business has a 50 day simple moving average of $251.45 and a two-hundred day simple moving average of $230.22. The firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of 11.58 and a beta of 0.45. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.14 and a quick ratio of 0.14. 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 released 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 business had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter last year, the business posted $4.72 EPS. The business’s revenue was up 18.5% on a year-over-year basis. Analysts predict that Reinsurance Group of America, Incorporated will post 29.78 EPS for the current year.

Reinsurance Group of America Company 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.