Reinsurance Group of America Inc (RGA) Shares Bought by Syntal Capital Partners LLC

Syntal Capital Partners LLC raised its holdings in Reinsurance Group of America Inc (NYSE:RGA) by 76.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,997 shares of the insurance provider’s stock after acquiring an additional 3,469 shares during the period. Syntal Capital Partners LLC’s holdings in Reinsurance Group of America were worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gotham Asset Management LLC lifted its position in shares of Reinsurance Group of America by 3.2% in the 2nd quarter. Gotham Asset Management LLC now owns 1,794 shares of the insurance provider’s stock worth $230,000 after acquiring an additional 56 shares during the period. Toronto Dominion Bank lifted its position in shares of Reinsurance Group of America by 11.7% in the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 83 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Reinsurance Group of America by 2.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,479 shares of the insurance provider’s stock worth $575,000 after acquiring an additional 101 shares during the period. IHT Wealth Management LLC lifted its position in shares of Reinsurance Group of America by 225.8% in the 2nd quarter. IHT Wealth Management LLC now owns 202 shares of the insurance provider’s stock worth $309,000 after acquiring an additional 140 shares during the period. Finally, D.A. Davidson & CO. lifted its position in shares of Reinsurance Group of America by 27.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock worth $148,000 after acquiring an additional 248 shares during the period. 91.50% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Inc (NYSE RGA) opened at $161.86 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $10,501.73, a P/E ratio of 13.32, a P/E/G ratio of 1.47 and a beta of 0.82. Reinsurance Group of America Inc has a 52-week low of $121.93 and a 52-week high of $165.12.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.08 billion. Reinsurance Group of America had a return on equity of 9.32% and a net margin of 6.44%. Reinsurance Group of America’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $2.46 EPS. analysts forecast that Reinsurance Group of America Inc will post 11.07 earnings per share for the current fiscal year.

In related news, EVP John P. Laughlin, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $155.60, for a total transaction of $77,800.00. Following the completion of the transaction, the executive vice president now owns 26,777 shares in the company, valued at approximately $4,166,501.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christine Rose Detrick sold 659 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total value of $98,520.50. Following the transaction, the director now owns 4,023 shares of the company’s stock, valued at approximately $601,438.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,159 shares of company stock valued at $326,281 in the last 90 days. 1.47% of the stock is owned by corporate insiders.

A number of analysts have commented on the company. Royal Bank of Canada reiterated a “hold” rating and issued a $134.00 price objective on shares of Reinsurance Group of America in a research report on Tuesday, October 10th. Wells Fargo & Co reiterated a “market perform” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Reinsurance Group of America in a research report on Tuesday, January 9th. Goldman Sachs Group assumed coverage on Reinsurance Group of America in a research report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price objective for the company. Zacks Investment Research downgraded Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Citigroup set a $171.00 price objective on Reinsurance Group of America and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Reinsurance Group of America currently has a consensus rating of “Hold” and a consensus target price of $146.88.

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About Reinsurance Group of America

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reinsurance Group of America Inc (NYSE:RGA).

Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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