Legal & General Group Plc boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 141,575 shares of the insurance provider’s stock after buying an additional 14,039 shares during the period. Legal & General Group Plc owned 0.22% of Reinsurance Group of America, worth $18,179,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in RGA. BlackRock Inc. increased its stake 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 last quarter. Vanguard Group Inc. increased its stake 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 last quarter. State Street Corp increased its stake 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 last quarter. Boston Partners increased its stake 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 last quarter. Finally, AQR Capital Management LLC increased its stake 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 last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) opened at 134.63 on Friday. Reinsurance Group of America, Incorporated has a 52 week low of $104.15 and a 52 week high of $141.89. The firm has a 50-day moving average of $136.56 and a 200 day moving average of $129.59. The company has a market cap of $8.68 billion, a P/E ratio of 11.47 and a beta of 0.83.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were paid a $0.50 dividend. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, August 4th. This represents a $2.00 annualized dividend and a dividend yield of 1.49%. Reinsurance Group of America,’s dividend payout ratio is 17.02%.

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Several analysts have issued reports on RGA shares. Zacks Investment Research downgraded shares of Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. 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. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $137.00 price objective on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $125.89.

In other news, EVP William L. Hutton sold 4,339 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $140.42, for a total value of $609,282.38. Following the completion of the sale, the executive vice president now owns 18,624 shares of the company’s stock, valued at approximately $2,615,182.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alan C. Henderson sold 440 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $139.87, for a total transaction of $61,542.80. Following the completion of the sale, the director now directly owns 20,418 shares of the company’s stock, valued at approximately $2,855,865.66. The disclosure for this sale can be found here. In the last three months, insiders sold 14,970 shares of company stock valued at $2,096,360. Corporate insiders own 1.47% of the company’s stock.

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.

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

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