DekaBank Deutsche Girozentrale raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.1% during the second quarter, Holdings Channel reports. The firm owned 39,667 shares of the insurance provider’s stock after buying an additional 2,960 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Reinsurance Group of America, were worth $5,156,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Reinsurance Group of America, by 3,630.1% in the first quarter. BlackRock Inc. now owns 6,064,017 shares of the insurance provider’s stock valued at $770,008,000 after buying an additional 5,901,447 shares during the period. Vanguard Group Inc. increased its position in shares of Reinsurance Group of America, by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,523,791 shares of the insurance provider’s stock valued at $701,411,000 after buying an additional 171,644 shares during the period. State Street Corp increased its position in shares of Reinsurance Group of America, by 11.7% in the first quarter. State Street Corp now owns 2,446,204 shares of the insurance provider’s stock valued at $310,607,000 after buying an additional 255,846 shares during the period. Boston Partners increased its position in shares of Reinsurance Group of America, by 12.2% in the first quarter. Boston Partners now owns 2,427,710 shares of the insurance provider’s stock valued at $308,271,000 after buying an additional 263,746 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Reinsurance Group of America, by 27.2% in the first quarter. AQR Capital Management LLC now owns 1,552,081 shares of the insurance provider’s stock valued at $197,084,000 after buying an additional 331,580 shares during the period. Institutional investors own 91.20% of the company’s stock.

Reinsurance Group of America, Incorporated (RGA) opened at 140.93 on Wednesday. The firm has a 50-day moving average price of $134.39 and a 200-day moving average price of $128.76. Reinsurance Group of America, Incorporated has a one year low of $100.66 and a one year high of $141.89. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 12.01 and a beta of 0.83.

Reinsurance Group of America, (NYSE:RGA) last posted its earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.51. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3 billion. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. Reinsurance Group of America,’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.80 earnings per share. On average, equities 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 issued a $0.50 dividend. This is a positive change from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, August 4th. This represents a $2.00 annualized dividend and a yield of 1.42%. Reinsurance Group of America,’s dividend payout ratio is 17.02%.

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RGA has been the topic of several research reports. Zacks Investment Research downgraded shares of Reinsurance Group of America, from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC dropped their price objective on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating on the stock in a research note on Monday, May 1st. Royal Bank Of Canada set a $134.00 price objective on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $137.00 price objective on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $125.89.

In other Reinsurance Group of America, news, Director Alan C. Henderson sold 440 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $139.87, for a total value of $61,542.80. Following the sale, the director now owns 20,418 shares of the company’s stock, valued at $2,855,865.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Rose Detrick sold 750 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $139.50, for a total value of $104,625.00. Following the completion of the sale, the director now directly owns 4,682 shares in the company, valued at approximately $653,139. The disclosure for this sale can be found here. Insiders sold 13,029 shares of company stock worth $1,823,125 in the last three months. 1.47% of the stock is owned by corporate insiders.

Reinsurance Group of America, Company Profile

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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