Martin Capital Partners LLC Invests $1.79 Million in Reinsurance Group of America, Incorporated (NYSE:RGA)

Martin Capital Partners LLC purchased a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA) in the 4th quarter, HoldingsChannel reports. The fund purchased 8,370 shares of the insurance provider’s stock, valued at approximately $1,788,000. Reinsurance Group of America accounts for 2.1% of Martin Capital Partners LLC’s 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 business. Mather Group LLC. raised its holdings in shares of Reinsurance Group of America by 8.4% in the fourth quarter. Mather Group LLC. now owns 1,154 shares of the insurance provider’s stock valued at $247,000 after purchasing an additional 89 shares during the last quarter. Longboard Asset Management LP purchased a new position in Reinsurance Group of America in the fourth quarter valued at approximately $265,000. Willis Investment Counsel increased its holdings in Reinsurance Group of America by 2.9% in the 4th quarter. Willis Investment Counsel now owns 53,333 shares of the insurance provider’s stock worth $11,394,000 after acquiring an additional 1,526 shares during the last quarter. Greenleaf Trust boosted its holdings in Reinsurance Group of America by 10.2% in the 4th quarter. Greenleaf Trust now owns 1,507 shares of the insurance provider’s stock worth $322,000 after buying an additional 140 shares during the period. Finally, Berry Wealth Group LP grew its stake in Reinsurance Group of America by 23.9% in the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the insurance provider’s stock valued at $345,000 after buying an additional 312 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on RGA. Barclays cut their price target 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. JPMorgan Chase & Co. upped their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Wells Fargo & Company raised their price objective 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. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada raised their price target on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average price target of $228.31.

Reinsurance Group of America Stock Down 0.5 %

Shares of NYSE RGA opened at $226.89 on Wednesday. The stock has a market capitalization of $14.94 billion, a P/E ratio of 20.83 and a beta of 0.93. 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. The firm’s 50 day simple moving average is $219.21 and its two-hundred day simple moving average is $217.21.

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.