Martin Capital Partners LLC Acquires Shares of 8,370 Reinsurance Group of America, Incorporated (NYSE:RGA)

Martin Capital Partners LLC bought a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,370 shares of the insurance provider’s stock, valued at approximately $1,788,000. Reinsurance Group of America makes up about 2.1% of Martin Capital Partners LLC’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Eagle Asset Management Inc. increased its holdings in Reinsurance Group of America by 15.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock valued at $25,297,000 after buying an additional 15,289 shares during the period. Sanctuary Advisors LLC bought a new position in Reinsurance Group of America in the second quarter valued at approximately $1,925,000. Insight Wealth Strategies LLC acquired a new position in Reinsurance Group of America during the third quarter valued at approximately $3,548,000. Nordea Investment Management AB lifted its stake in Reinsurance Group of America by 4.8% during the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock worth $19,232,000 after purchasing an additional 4,119 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Reinsurance Group of America by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock valued at $16,862,000 after purchasing an additional 5,699 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 0.5 %

Shares of Reinsurance Group of America stock opened at $226.89 on Wednesday. The firm has a market cap of $14.94 billion, a price-to-earnings ratio of 20.83 and a beta of 0.93. The stock’s 50-day moving average is $219.21 and its 200 day moving average is $217.21. 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, Incorporated has a one year low of $165.38 and a one year high of $233.81.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RGA shares. TD Cowen began coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They set a “hold” rating and a $235.00 target price for the company. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Wells Fargo & Company raised their price objective on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Barclays lowered their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Royal Bank of Canada boosted their price target on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $228.31.

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.