Hantz Financial Services Inc. Sells 201 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Hantz Financial Services Inc. reduced its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.9% during the fourth quarter, HoldingsChannel reports. The fund owned 10,516 shares of the insurance provider’s stock after selling 201 shares during the quarter. Hantz Financial Services Inc.’s holdings in Reinsurance Group of America were worth $2,247,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Armstrong Advisory Group Inc. bought a new stake in shares of Reinsurance Group of America during the third quarter valued at about $25,000. Wolff Wiese Magana LLC bought a new stake in Reinsurance Group of America during the third quarter worth about $34,000. Private Trust Co. NA boosted its stake in Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after buying an additional 120 shares in the last quarter. Strengthening Families & Communities LLC bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at $36,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Reinsurance Group of America during the third quarter valued at about $37,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RGA has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of 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. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Wells Fargo & Company boosted their target price on Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Barclays cut their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, TD Cowen started coverage on Reinsurance Group of America in a research report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $228.31.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $231.00 on Friday. Reinsurance Group of America, Incorporated has a 52 week low of $163.81 and a 52 week high of $233.81. The business has a 50-day simple moving average of $219.31 and a two-hundred day simple moving average of $216.89. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 21.21 and a beta of 0.94.

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