8,370 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Bought by Martin Capital Partners LLC

Martin Capital Partners LLC bought a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,370 shares of the insurance provider's stock, valued at approximately $1,788,000. Reinsurance Group of America makes up about 2.1% of Martin Capital Partners LLC's holdings, making the stock its 26th biggest position.

Other institutional investors have also made changes to their positions in the company. Armstrong Advisory Group Inc. bought a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $25,000. Wolff Wiese Magana LLC acquired a new position in shares of Reinsurance Group of America in the 3rd quarter valued at about $34,000. Private Trust Co. NA grew its holdings 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 purchasing an additional 120 shares during the period. Strengthening Families & Communities LLC acquired a new position in Reinsurance Group of America during the 3rd quarter worth approximately $36,000. Finally, Capital Performance Advisors LLP acquired a new position in Reinsurance Group of America during the third quarter worth $37,000. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Up 1.1 %

Shares of RGA stock traded up $2.44 during mid-day trading on Wednesday, hitting $229.15. The stock had a trading volume of 384,201 shares, compared to its average volume of 400,757. Reinsurance Group of America, Incorporated has a 12-month low of $165.38 and a 12-month high of $233.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $15.09 billion, a P/E ratio of 21.04 and a beta of 0.93. The firm's 50-day moving average is $219.12 and its two-hundred day moving average is $217.31.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. TD Cowen began coverage on Reinsurance Group of America in a research report on Wednesday, October 9th. They set a "hold" rating and a $235.00 price target for the company. Wells Fargo & Company raised their target price on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Barclays reduced 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 research report on Monday, January 6th. StockNews.com upgraded shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Three 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.