Signaturefd LLC Increases Stake in Reinsurance Group of America by Over 60%

Investment firm Signaturefd LLC has significantly boosted its investment in Reinsurance Group of America, Incorporated (NYSE:RGA), with a 61.9% increase in stock holdings during the third quarter. Following the latest acquisition, Signaturefd LLC now possesses 701 shares in the insurance company. Official documents filed with the Securities and Exchange Commission confirm the increased stake, which now carries a value of approximately $102,000.

Other Investors Alter Their RGA Holdings

A number of other prominent investors have also recently changed their positions in Reinsurance Group of America. For instance, LPL Financial LLC raised its share count by 9.1% in the second quarter, with a portfolio now consisting of 23,972 shares valued at over $3.3 million. Truist Financial Corp and Sumitomo Mitsui Trust Holdings Inc also increased their stakes during the same period. Additionally, Kennedy Capital Management LLC grew its ownership by 37.1%, now holding shares worth nearly $11.8 million. In total, institutional investors and hedge funds control 93.78% of RGA's stock.

Insider Trading Within RGA

In an interesting development concerning insider activity, EVP Ronald Herrmann acquired 440 shares at an average price of $166.78 each, totaling a transaction amount of $73,383.20. This purchase, already disclosed to the SEC, brought his direct ownership to the same number of shares, valued equally to the transaction.

RGA's Stock Performance

On the stock performance front, RGA's shares opened at $173.92. The company has seen its stock value fluctuate, with a 50-day moving average of $165.04 and a 200-day moving average of $152.32. Currently, Reinsurance Group of America maintains a market capitalization of $11.46 billion and boasts a PE ratio of 12.35.

Quarterly Earnings Success

The insurance provider recently outperformed earnings expectations with a quarterly EPS of $5.57, surpassing the predicted $4.28 by a significant margin. The company's future also looks promising, with analysts projecting an earnings per share of 19.62 for the current year.

Analyst Ratings for RGA

Reinsurance Group of America enjoys favorable ratings from analysts, with several boosting their target prices, and others upgrading the stock's status from 'hold' to 'buy'. The consensus rating is currently 'Moderate Buy' with an average price target hovering around $171.70.

The company specializes in providing reinsurance products, offering a broad range of life and health insurance products and sophisticated financial solutions to its clients.

Reinsurance, Investments, Shares, Securities, Insurance