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

Tectonic Advisors LLC grew its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,464 shares of the insurance provider’s stock after acquiring an additional 106 shares during the quarter. Tectonic Advisors LLC’s holdings in Reinsurance Group of America were worth $526,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RGA. Marshall Wace LLP acquired a new position in Reinsurance Group of America during the second quarter worth $210,000. Cetera Investment Advisers raised its holdings in shares of Reinsurance Group of America by 10.4% during the 2nd quarter. Cetera Investment Advisers now owns 17,763 shares of the insurance provider’s stock worth $3,646,000 after acquiring an additional 1,672 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Reinsurance Group of America during the 2nd quarter valued at about $1,925,000. GAMMA Investing LLC grew its holdings in shares of Reinsurance Group of America by 8.9% in the third quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider’s stock valued at $133,000 after purchasing an additional 50 shares during the period. Finally, Atomi Financial Group Inc. acquired a new stake in Reinsurance Group of America during the third quarter worth about $235,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RGA shares. JPMorgan Chase & Co. boosted their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. TD Cowen initiated coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective on the stock. Royal Bank of Canada increased their price objective 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. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company increased their price target on Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.31.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $229.15 on Thursday. The company has a market cap of $15.09 billion, a P/E ratio of 21.04 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 1-year low of $165.38 and a 1-year 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 stock has a 50-day moving average of $219.12 and a two-hundred day moving average of $217.31.

About Reinsurance Group of America

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.