Tectonic Advisors LLC Grows Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Tectonic Advisors LLC increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,464 shares of the insurance provider’s stock after purchasing an additional 106 shares during the period. Tectonic Advisors LLC’s holdings in Reinsurance Group of America were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

RGA has been the topic of a number of analyst reports. Wells Fargo & Company lifted 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 report on Thursday, October 10th. TD Cowen initiated coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective for the company. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada increased their price target on 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. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.31.

Reinsurance Group of America Stock Up 1.1 %

Shares of RGA opened at $229.15 on Thursday. The stock has a 50 day moving average price of $219.12 and a 200 day moving average price of $217.31. Reinsurance Group of America, Incorporated has a one year low of $165.38 and a one year high of $233.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of 21.04 and a beta of 0.93.

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.