Willis Investment Counsel Increases Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Willis Investment Counsel raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 53,333 shares of the insurance provider’s stock after purchasing an additional 1,526 shares during the period. Willis Investment Counsel’s holdings in Reinsurance Group of America were worth $11,394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RGA. WCM Investment Management LLC increased its holdings in Reinsurance Group of America by 1,208.5% in the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock worth $527,742,000 after buying an additional 2,260,605 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Reinsurance Group of America by 47.7% in the 3rd 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 purchased a new position in shares of Reinsurance Group of America during the 3rd quarter valued at about $11,803,000. Bank of Montreal Can boosted its position in shares of Reinsurance Group of America by 146.2% in 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 increased its stake in Reinsurance Group of America by 31.1% in the 3rd quarter. Natixis Advisors LLC now owns 193,698 shares of the insurance provider’s stock worth $42,201,000 after buying an additional 45,924 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 1.4 %

NYSE:RGA opened at $227.91 on Monday. Reinsurance Group of America, Incorporated has a 12 month low of $163.81 and a 12 month high of $233.81. The firm has a fifty day simple moving average of $219.28 and a 200-day simple moving average of $217.10. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $15.01 billion, a P/E ratio of 20.93 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The firm had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter last year, the company posted $5.57 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RGA. TD Cowen started coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 target price on the stock. Royal Bank of Canada upped their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their price objective 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. Barclays reduced 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 report on Monday, January 6th. Finally, StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Three investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $228.31.

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.