Reinsurance Group of America, Incorporated $RGA Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 24.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,497 shares of the insurance provider’s stock after buying an additional 11,718 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Reinsurance Group of America were worth $14,651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of RGA. SG Americas Securities LLC grew its holdings in Reinsurance Group of America by 26.5% during the 1st quarter. SG Americas Securities LLC now owns 89,847 shares of the insurance provider’s stock worth $18,343,000 after acquiring an additional 18,826 shares during the period. Engineers Gate Manager LP lifted its stake in shares of Reinsurance Group of America by 26.8% in the 2nd quarter. Engineers Gate Manager LP now owns 25,218 shares of the insurance provider’s stock valued at $5,363,000 after purchasing an additional 5,331 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Reinsurance Group of America in the 2nd quarter valued at $1,489,000. Sequoia Financial Advisors LLC lifted its stake in shares of Reinsurance Group of America by 77.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,716 shares of the insurance provider’s stock valued at $2,491,000 after purchasing an additional 5,118 shares during the period. Finally, WCM Investment Management LLC boosted its position in shares of Reinsurance Group of America by 3.0% in the 1st quarter. WCM Investment Management LLC now owns 2,830,620 shares of the insurance provider’s stock worth $566,803,000 after purchasing an additional 82,681 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RGA shares. Barclays set a $292.00 price objective on Reinsurance Group of America in a research note on Thursday, October 8th. UBS Group upgraded Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Morgan Stanley raised Reinsurance Group of America from an “equal weight” rating to an “overweight” rating and set a $295.00 target price on the stock in a research note on Monday, September 28th. JPMorgan Chase & Co. raised their target price on Reinsurance Group of America from $293.00 to $297.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Finally, Wells Fargo & Company raised their target price on Reinsurance Group of America from $291.00 to $292.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $270.00.

Insider Buying and Selling at Reinsurance Group of America

In other news, EVP Jonathan Porter sold 8,589 shares of Reinsurance Group of America stock in a transaction on Wednesday, August 12th. The shares were 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 $3,666,175.50. This trade represents a 36.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Reinsurance Group of America Stock Down 3.0%

Shares of NYSE RGA opened at $263.76 on Friday. The stock has a market cap of $17.22 billion, a P/E ratio of 9.07 and a beta of 0.45. The firm has a 50 day moving average price of $251.45 and a 200 day moving average price of $230.06. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.14 and a current ratio of 0.14. Reinsurance Group of America, Incorporated has a 52-week low of $178.21 and a 52-week high of $272.44.

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, beating the consensus estimate of $6.50 by $2.39. The firm had revenue of $6.64 billion during 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 business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.72 earnings per share. Analysts expect that Reinsurance Group of America, Incorporated will post 29.78 EPS for the current year.

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.