Reinsurance Group of America, Incorporated $RGA Stock Sold by Inspire Investing LLC

Inspire Investing LLC trimmed its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 29.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,973 shares of the insurance provider’s stock after selling 9,364 shares during the period. Inspire Investing LLC’s holdings in Reinsurance Group of America were worth $5,411,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in RGA. Reyes Financial Architecture Inc. purchased a new stake in Reinsurance Group of America in the 3rd quarter worth about $38,000. Whipplewood Advisors LLC boosted 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 buying an additional 220 shares during the period. Millstone Evans Group LLC boosted its position in shares of Reinsurance Group of America by 77.0% during the first quarter. Millstone Evans Group LLC now owns 239 shares of the insurance provider’s stock valued at $49,000 after buying an additional 104 shares during the period. Fortitude Family Office LLC boosted its position in shares of Reinsurance Group of America by 62.7% during the third quarter. Fortitude Family Office LLC now owns 249 shares of the insurance provider’s stock valued at $61,000 after buying an additional 96 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Reinsurance Group of America during the second quarter valued at approximately $53,000. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $263.76 on Friday. The stock has a market cap 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 1 year low of $178.21 and a 1 year high of $272.44. The firm has a 50-day moving average of $251.45 and a two-hundred day moving average of $230.06.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, August 6th. The insurance provider reported $8.89 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.39. The business had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.67 billion. Reinsurance Group of America had a net margin of 5.81% and a return on equity of 14.78%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.72 EPS. On average, research analysts forecast that Reinsurance Group of America, Incorporated will post 29.78 earnings per share for the current year.

Analyst Ratings Changes

RGA has been the topic of several recent analyst reports. UBS Group upgraded Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised their price target 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. Weiss Ratings restated a “buy (b)” rating on shares of Reinsurance Group of America in a report on Friday, August 7th. TD Cowen upped their price objective on Reinsurance Group of America from $235.00 to $250.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Barclays set a $292.00 price objective on Reinsurance Group of America in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $270.00.

Insider Buying and Selling at Reinsurance Group of America

In related 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 value of $2,115,470.70. Following the completion of the sale, the executive vice president owned 14,885 shares in the company, valued at approximately $3,666,175.50. The trade was a 36.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Reinsurance Group of America 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.