Axa S.A. Lowers Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Axa S.A. lowered its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,171 shares of the insurance provider’s stock after selling 1,955 shares during the quarter. Axa S.A. owned approximately 0.08% of Reinsurance Group of America worth $6,403,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RGA. FMR LLC boosted its position in Reinsurance Group of America by 22.0% during the second quarter. FMR LLC now owns 5,573,964 shares of the insurance provider’s stock worth $635,433,000 after purchasing an additional 1,005,552 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Reinsurance Group of America by 9.5% in the second quarter. American Century Companies Inc. now owns 2,954,706 shares of the insurance provider’s stock valued at $336,836,000 after acquiring an additional 256,473 shares in the last quarter. Prana Capital Management LP purchased a new position in shares of Reinsurance Group of America in the first quarter valued at approximately $30,767,000. Rockefeller Capital Management L.P. lifted its position in shares of Reinsurance Group of America by 11.5% in the second quarter. Rockefeller Capital Management L.P. now owns 1,825,024 shares of the insurance provider’s stock valued at $208,051,000 after acquiring an additional 188,519 shares in the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in shares of Reinsurance Group of America in the second quarter valued at approximately $19,205,000. Institutional investors own 93.22% of the company’s stock.

In other Reinsurance Group of America news, Director Christine Rose Detrick sold 3,000 shares of the firm’s stock in a transaction on Friday, August 6th. The stock was sold at an average price of $121.70, for a total transaction of $365,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is owned by company insiders.

NYSE:RGA opened at $118.51 on Thursday. Reinsurance Group of America, Incorporated has a one year low of $93.00 and a one year high of $134.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $8.06 billion, a PE ratio of 9.73 and a beta of 1.23. The stock has a 50 day moving average price of $115.93 and a 200 day moving average price of $119.97.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Monday, August 2nd. The insurance provider reported $4.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $1.65. The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Reinsurance Group of America had a return on equity of 3.84% and a net margin of 5.16%. As a group, analysts predict that Reinsurance Group of America, Incorporated will post 9.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Tuesday, August 17th were paid a dividend of $0.73 per share. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.70. The ex-dividend date was Monday, August 16th. This represents a $2.92 annualized dividend and a yield of 2.46%. Reinsurance Group of America’s dividend payout ratio (DPR) is 38.73%.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $117.00 target price on the stock in a research report on Wednesday, August 4th. decreased their target price on Reinsurance Group of America from $146.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, June 21st. Morgan Stanley raised their target price on Reinsurance Group of America from $125.00 to $127.00 and gave the company an “underweight” rating in a research report on Thursday, July 15th. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $142.00 target price on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised Reinsurance Group of America from a “neutral” rating to an “overweight” rating and increased their price target for the company from $137.00 to $138.00 in a report on Monday, July 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $127.44.

About Reinsurance Group of America

Reinsurance Group of America, Inc is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America; Canada; Europe, Middle East, and Africa; Asia Pacific; and Corporate and Other.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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