Measured Wealth Private Client Group LLC Reduces Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Measured Wealth Private Client Group LLC lessened its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,450 shares of the insurance provider’s stock after selling 107 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Reinsurance Group of America were worth $970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new position in shares of Reinsurance Group of America during the 3rd quarter worth $25,000. International Assets Investment Management LLC bought a new stake in shares of Reinsurance Group of America during the 2nd quarter valued at $28,000. Family Firm Inc. bought a new stake in shares of Reinsurance Group of America during the 2nd quarter valued at $29,000. New Covenant Trust Company N.A. bought a new stake in shares of Reinsurance Group of America during the 1st quarter valued at $28,000. Finally, Wolff Wiese Magana LLC bought a new stake in Reinsurance Group of America in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $214.92 on Thursday. The stock has a market cap of $14.15 billion, a price-to-earnings ratio of 16.73 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 1 year low of $146.16 and a 1 year high of $227.87. The firm has a 50-day moving average of $215.63 and a two-hundred day moving average of $208.77.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.54. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the previous year, the company earned $4.40 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. On average, research analysts forecast that Reinsurance Group of America, Incorporated will post 21.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on RGA shares. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Piper Sandler lifted their price target on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Citigroup lifted their price target on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley reduced their target price on shares of Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Finally, TD Cowen began coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 target price on the stock. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $226.62.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the completion of the sale, the executive vice president now owns 12,357 shares of the company’s stock, valued at approximately $2,705,812.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.37% of the company’s stock.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.