Measured Wealth Private Client Group LLC Sells 107 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Measured Wealth Private Client Group LLC trimmed its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,450 shares of the insurance provider’s stock after selling 107 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Reinsurance Group of America were worth $970,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of RGA. Armstrong Advisory Group Inc. bought a new position in shares of Reinsurance Group of America in the 3rd quarter valued at $25,000. New Covenant Trust Company N.A. acquired a new stake in Reinsurance Group of America in the first quarter valued at $28,000. International Assets Investment Management LLC acquired a new stake in Reinsurance Group of America during the 2nd quarter worth about $28,000. Family Firm Inc. acquired a new stake in Reinsurance Group of America during the 2nd quarter worth about $29,000. Finally, LRI Investments LLC acquired a new stake in Reinsurance Group of America during the 1st quarter worth about $33,000. 95.11% of the stock is currently owned by institutional investors.

Insider Activity at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the sale, the executive vice president now owns 12,357 shares of the company’s stock, valued at $2,705,812.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is owned by insiders.

Reinsurance Group of America Stock Up 1.7 %

RGA opened at $214.92 on Thursday. The company has a fifty day moving average price of $215.63 and a 200-day moving average price of $208.77. The firm has a market capitalization of $14.15 billion, a P/E ratio of 16.73 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a one year low of $146.16 and a one year high of $227.87.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $4.94 by $0.54. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.07 billion. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.40 EPS. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 21.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

RGA has been the topic of several recent research reports. Royal Bank of Canada raised their price target on shares of Reinsurance Group of America from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Barclays decreased their price target on shares of Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. Piper Sandler raised their price target on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group raised their price target on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus price target of $226.62.

Reinsurance Group of America Company 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.