Martin Capital Partners LLC Boosts Position in Reinsurance Group of America, Incorporated $RGA

Martin Capital Partners LLC boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 13.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,560 shares of the insurance provider’s stock after purchasing an additional 3,819 shares during the quarter. Reinsurance Group of America comprises approximately 2.5% of Martin Capital Partners LLC’s portfolio, making the stock its 15th biggest position. Martin Capital Partners LLC’s holdings in Reinsurance Group of America were worth $6,924,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management purchased a new stake in shares of Reinsurance Group of America during the 4th quarter worth approximately $30,000. Tobam grew its position in shares of Reinsurance Group of America by 244.7% in the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Reinsurance Group of America during the 4th quarter worth $35,000. Advisory Services Network LLC acquired a new stake in Reinsurance Group of America during the 3rd quarter worth $38,000. Finally, Entrust Financial LLC purchased a new stake in Reinsurance Group of America in the fourth quarter valued at $40,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Down 0.1%

Shares of NYSE:RGA opened at $236.14 on Wednesday. Reinsurance Group of America, Incorporated has a 1-year low of $176.96 and a 1-year high of $245.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market cap of $15.47 billion, a P/E ratio of 12.79 and a beta of 0.47. The firm has a fifty day moving average price of $220.26 and a 200 day moving average price of $212.72.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period in the previous year, the business posted $5.66 earnings per share. Reinsurance Group of America’s quarterly revenue was up 23.5% on a year-over-year basis. Sell-side analysts predict that Reinsurance Group of America, Incorporated will post 26.84 EPS for the current year.

Insider Transactions at Reinsurance Group of America

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 7,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the completion of the sale, the executive vice president directly owned 3,938 shares of the company’s stock, valued at approximately $829,264.04. This trade represents a 64.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John W. Hayden sold 414 shares of Reinsurance Group of America stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the transaction, the executive vice president owned 20,949 shares in the company, valued at $4,502,987.55. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

RGA has been the topic of several research reports. UBS Group raised Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. JPMorgan Chase & Co. boosted their target price on Reinsurance Group of America from $270.00 to $286.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Wednesday, May 13th. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Wells Fargo & Company lifted their price target on Reinsurance Group of America from $261.00 to $269.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus target price of $255.00.

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.