Mutual of America Capital Management LLC Sells 20,386 Shares of Reinsurance Group of America, Incorporated $RGA

Mutual of America Capital Management LLC cut its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 40.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,525 shares of the insurance provider’s stock after selling 20,386 shares during the period. Mutual of America Capital Management LLC’s holdings in Reinsurance Group of America were worth $5,865,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RGA. Richard W. Paul & Associates LLC boosted its holdings in shares of Reinsurance Group of America by 3.7% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock valued at $302,000 after acquiring an additional 54 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Reinsurance Group of America by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 58 shares during the period. Millstone Evans Group LLC boosted its holdings in Reinsurance Group of America by 82.4% in the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Paulson Wealth Management Inc. grew its position in Reinsurance Group of America by 4.5% in the 2nd quarter. Paulson Wealth Management Inc. now owns 1,569 shares of the insurance provider’s stock worth $311,000 after purchasing an additional 67 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in Reinsurance Group of America by 3.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,021 shares of the insurance provider’s stock valued at $401,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on Reinsurance Group of America from $237.00 to $238.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Piper Sandler raised their target price on Reinsurance Group of America from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 23rd. Morgan Stanley set a $208.00 price target on Reinsurance Group of America in a research note on Monday, December 15th. TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $238.67.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $196.59 on Thursday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $198.06 and a two-hundred day simple moving average of $193.13. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 15.12 and a beta of 0.55. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $232.97.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.57. The firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $6.13 EPS. On average, analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Company 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.