Assenagon Asset Management S.A. Buys 38,818 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Assenagon Asset Management S.A. lifted its stake in Reinsurance Group of America, Incorporated (NYSE:RGAFree Report) by 947.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,916 shares of the insurance provider’s stock after buying an additional 38,818 shares during the period. Assenagon Asset Management S.A.’s holdings in Reinsurance Group of America were worth $6,231,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Janiczek Wealth Management LLC lifted its stake in shares of Reinsurance Group of America by 8,400.0% in the third quarter. Janiczek Wealth Management LLC now owns 255 shares of the insurance provider’s stock valued at $37,000 after buying an additional 252 shares during the period. Parkside Financial Bank & Trust raised its position in Reinsurance Group of America by 47.8% in the first quarter. Parkside Financial Bank & Trust now owns 368 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 119 shares in the last quarter. Harbour Investments Inc. raised its position in Reinsurance Group of America by 59.1% in the second quarter. Harbour Investments Inc. now owns 350 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 130 shares in the last quarter. Tyler Stone Wealth Management acquired a new position in Reinsurance Group of America in the second quarter worth about $54,000. Finally, Parallel Advisors LLC increased its holdings in shares of Reinsurance Group of America by 43.4% during the second quarter. Parallel Advisors LLC now owns 403 shares of the insurance provider’s stock worth $56,000 after buying an additional 122 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on RGA shares. UBS Group raised their price objective on shares of Reinsurance Group of America from $167.00 to $191.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $168.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, October 6th. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Jefferies Financial Group raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and raised their price objective for the stock from $171.00 to $189.00 in a report on Monday, December 11th. Finally, Morgan Stanley raised their price objective on shares of Reinsurance Group of America from $164.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 15th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.70.

Read Our Latest Stock Analysis on RGA

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP Ronald Herrmann acquired 440 shares of Reinsurance Group of America stock in a transaction on Wednesday, December 13th. The shares were purchased at an average cost of $166.78 per share, with a total value of $73,383.20. Following the completion of the purchase, the executive vice president now owns 440 shares in the company, valued at $73,383.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.55% of the company’s stock.

Reinsurance Group of America Price Performance

RGA opened at $172.50 on Wednesday. Reinsurance Group of America, Incorporated has a one year low of $120.99 and a one year high of $172.66. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.14 and a quick ratio of 0.14. The company’s 50 day simple moving average is $164.54 and its 200-day simple moving average is $151.94. The stock has a market capitalization of $11.37 billion, a P/E ratio of 12.25 and a beta of 0.87.

Reinsurance Group of America (NYSE:RGAGet Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported $5.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.28 by $1.29. Reinsurance Group of America had a net margin of 5.29% and a return on equity of 17.43%. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 19.62 earnings per share for the current fiscal year.

Reinsurance Group of America Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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