Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 161,384 shares of the insurance provider’s stock after acquiring an additional 83 shares during the quarter. Retirement Systems of Alabama owned about 0.25% of Reinsurance Group of America worth $34,476,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eagle Asset Management Inc. raised its stake in shares of Reinsurance Group of America by 15.7% during the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock valued at $25,297,000 after purchasing an additional 15,289 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Reinsurance Group of America during the second quarter valued at about $1,925,000. Nordea Investment Management AB raised its stake in shares of Reinsurance Group of America by 4.8% during the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock valued at $19,232,000 after purchasing an additional 4,119 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Reinsurance Group of America by 7.9% during the third quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock valued at $16,862,000 after purchasing an additional 5,699 shares in the last quarter. Finally, Consolidated Planning Corp bought a new stake in shares of Reinsurance Group of America during the third quarter valued at about $737,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 1.1 %

NYSE:RGA opened at $229.15 on Thursday. 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 fifty-two week low of $165.38 and a fifty-two week high of $233.81. The stock’s 50-day moving average is $219.12 and its two-hundred day moving average is $217.31. The stock has a market cap of $15.09 billion, a PE ratio of 21.04 and a beta of 0.93.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays cut their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Royal Bank of Canada boosted their price target on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Three 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 company’s stock. According to data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.31.

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.