WCM Investment Management LLC Purchases 94,479 Shares of Reinsurance Group of America, Incorporated $RGA

WCM Investment Management LLC grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,734,458 shares of the insurance provider’s stock after purchasing an additional 94,479 shares during the period. WCM Investment Management LLC’s holdings in Reinsurance Group of America were worth $519,356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Millstone Evans Group LLC grew its position in Reinsurance Group of America by 82.4% during the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after buying an additional 61 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at about $33,000. LRI Investments LLC boosted its position in shares of Reinsurance Group of America by 41.2% during the 3rd quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock valued at $51,000 after acquiring an additional 77 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Reinsurance Group of America by 93.9% during the second quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 138 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new position in shares of Reinsurance Group of America in the second quarter worth approximately $57,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 1.1%

Shares of NYSE:RGA opened at $204.95 on Tuesday. The stock’s 50-day moving average price is $199.02 and its 200-day moving average price is $193.26. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $231.92. The stock has a market capitalization of $13.47 billion, a P/E ratio of 15.77 and a beta of 0.53. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.44.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Reinsurance Group of America from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, December 23rd. Barclays set a $237.00 price objective on shares of Reinsurance Group of America in a report on Thursday, January 8th. Raymond James Financial cut Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Morgan Stanley set a $208.00 price target on Reinsurance Group of America in a research report on Monday, December 15th. Finally, Wells Fargo & Company upped their price objective 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. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, 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.