Connable Office Inc. held its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,875 shares of the insurance provider’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Reinsurance Group of America, were worth $369,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Glen Harbor Capital Management LLC boosted its position in shares of Reinsurance Group of America, by 21.9% in the first quarter. Glen Harbor Capital Management LLC now owns 67,864 shares of the insurance provider’s stock valued at $8,617,000 after buying an additional 12,206 shares in the last quarter. Meritage Portfolio Management boosted its position in shares of Reinsurance Group of America, by 1.6% in the first quarter. Meritage Portfolio Management now owns 61,954 shares of the insurance provider’s stock valued at $7,867,000 after buying an additional 997 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Reinsurance Group of America, by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,712 shares of the insurance provider’s stock valued at $203,000 after buying an additional 54 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Reinsurance Group of America, by 259.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 103,468 shares of the insurance provider’s stock valued at $13,139,000 after buying an additional 74,649 shares in the last quarter. Finally, James Investment Research Inc. bought a new position in shares of Reinsurance Group of America, during the first quarter valued at $143,000. Institutional investors and hedge funds own 92.60% of the company’s stock.

Reinsurance Group of America, Incorporated (RGA) opened at 138.82 on Friday. The firm has a market capitalization of $8.95 billion, a PE ratio of 11.83 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 12-month low of $100.41 and a 12-month high of $141.89. The company has a 50-day moving average price of $133.24 and a 200-day moving average price of $128.40.

Reinsurance Group of America, (NYSE:RGA) last released its earnings results on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.51. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3 billion. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. Reinsurance Group of America,’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.80 EPS. On average, analysts predict that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be paid a $0.50 dividend. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, August 4th. Reinsurance Group of America,’s payout ratio is presently 17.02%.

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Several brokerages have recently weighed in on RGA. Keefe, Bruyette & Woods restated a “hold” rating and set a $137.00 target price on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Zacks Investment Research upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Tuesday, August 1st. Royal Bank Of Canada set a $134.00 target price on Reinsurance Group of America, and gave the stock a “hold” rating in a report on Friday, July 28th. Wells Fargo & Company restated a “hold” rating on shares of Reinsurance Group of America, in a report on Friday, April 28th. Finally, Jefferies Group LLC lowered their target price on Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating on the stock in a report on Monday, May 1st. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $125.89.

In other Reinsurance Group of America, news, EVP Alain Neemeh sold 7,500 shares of Reinsurance Group of America, stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $139.69, for a total value of $1,047,675.00. Following the completion of the sale, the executive vice president now directly owns 43,292 shares of the company’s stock, valued at approximately $6,047,459.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy T. Matson bought 500 shares of the stock in a transaction on Wednesday, June 21st. The stock was purchased at an average cost of $127.39 per share, with a total value of $63,695.00. Following the completion of the purchase, the executive vice president now directly owns 2,430 shares in the company, valued at approximately $309,557.70. The disclosure for this purchase can be found here. Insiders sold a total of 12,589 shares of company stock valued at $1,761,582 over the last ninety days. 1.47% of the stock is owned by corporate insiders.

About Reinsurance Group of America,

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

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

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