Pacer Advisors Inc. Has $3.08 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Pacer Advisors Inc. increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 23.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,402 shares of the insurance provider’s stock after purchasing an additional 2,768 shares during the period. Pacer Advisors Inc.’s holdings in Reinsurance Group of America were worth $3,077,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV grew its stake in shares of Reinsurance Group of America by 217.4% in the fourth quarter. KBC Group NV now owns 5,412 shares of the insurance provider’s stock worth $1,156,000 after acquiring an additional 3,707 shares during the last quarter. Blue Trust Inc. grew its position in Reinsurance Group of America by 29.4% in the 4th quarter. Blue Trust Inc. now owns 6,378 shares of the insurance provider’s stock worth $1,390,000 after purchasing an additional 1,449 shares during the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of Reinsurance Group of America by 15.1% during the 4th quarter. First Citizens Bank & Trust Co. now owns 1,613 shares of the insurance provider’s stock worth $345,000 after purchasing an additional 212 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Reinsurance Group of America by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,521 shares of the insurance provider’s stock valued at $752,000 after buying an additional 85 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of Reinsurance Group of America by 0.5% in the fourth quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock valued at $3,039,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on RGA. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. 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 price target on the stock. Royal Bank of Canada raised their price objective on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company lifted their target price on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and an average price target of $228.31.

Reinsurance Group of America Stock Down 1.4 %

Shares of RGA opened at $227.91 on Friday. The business’s 50 day simple moving average is $219.33 and its 200-day simple moving average is $216.99. Reinsurance Group of America, Incorporated has a one year low of $163.81 and a one year high of $233.81. The company has a market capitalization of $15.01 billion, a P/E ratio of 20.93 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.31 by $0.82. The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $5.57 earnings per share. As a group, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current fiscal year.

Reinsurance Group of America Profile

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.