Perigon Wealth Management LLC Buys 172 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Perigon Wealth Management LLC boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,383 shares of the insurance provider’s stock after purchasing an additional 172 shares during the quarter. Perigon Wealth Management LLC’s holdings in Reinsurance Group of America were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in RGA. WCM Investment Management LLC boosted its holdings in Reinsurance Group of America by 1,208.5% in the third quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock worth $527,742,000 after acquiring an additional 2,260,605 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Reinsurance Group of America by 47.7% during the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after purchasing an additional 117,829 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Reinsurance Group of America during the third quarter worth about $11,803,000. Bank of Montreal Can lifted its holdings in shares of Reinsurance Group of America by 146.2% during the third quarter. Bank of Montreal Can now owns 77,409 shares of the insurance provider’s stock worth $16,690,000 after purchasing an additional 45,972 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in shares of Reinsurance Group of America by 31.1% during the third quarter. Natixis Advisors LLC now owns 193,698 shares of the insurance provider’s stock worth $42,201,000 after purchasing an additional 45,924 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 1.4 %

Reinsurance Group of America stock opened at $227.91 on Monday. The stock has a market capitalization of $15.01 billion, a PE ratio of 20.93 and a beta of 0.94. Reinsurance Group of America, Incorporated has a 12 month low of $163.81 and a 12 month high of $233.81. The business has a 50 day simple moving average of $219.28 and a 200-day simple moving average of $217.10. 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 issued its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. The firm had revenue of $5.65 billion for 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 business’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.57 earnings per share. On average, analysts anticipate that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RGA has been the subject of a number of research reports. Barclays decreased 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. TD Cowen initiated coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They set a “hold” rating and a $235.00 target price for the company. Royal Bank of Canada lifted their target price 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. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company lifted their price target on 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 equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average target price of $228.31.

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.