Public Employees Retirement Association of Colorado cut its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,961 shares of the insurance provider’s stock after selling 6 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Reinsurance Group of America, were worth $1,536,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in Reinsurance Group of America, during the fourth quarter worth about $269,000. UBS Asset Management Americas Inc. increased its stake in Reinsurance Group of America, by 99.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 147,863 shares of the insurance provider’s stock worth $18,604,000 after buying an additional 73,733 shares in the last quarter. Teachers Advisors LLC increased its stake in Reinsurance Group of America, by 21.0% in the fourth quarter. Teachers Advisors LLC now owns 166,577 shares of the insurance provider’s stock worth $20,960,000 after buying an additional 28,867 shares in the last quarter. Creative Planning increased its stake in Reinsurance Group of America, by 3.2% in the first quarter. Creative Planning now owns 1,050 shares of the insurance provider’s stock worth $133,000 after buying an additional 33 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in Reinsurance Group of America, by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 19,170 shares of the insurance provider’s stock worth $2,434,000 after buying an additional 100 shares in the last quarter. 92.60% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America, Incorporated (RGA) opened at 138.49 on Friday. The company has a market cap of $8.93 billion, a PE ratio of 11.80 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 12-month low of $100.52 and a 12-month high of $141.89. The company’s 50-day moving average price is $133.58 and its 200-day moving average price is $128.50.

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

The company also recently disclosed 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 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 1.44%. Reinsurance Group of America,’s dividend payout ratio (DPR) is 17.02%.

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RGA has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed a “hold” rating on shares of Reinsurance Group of America, in a research report on Friday, April 28th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $127.00 target price on shares of Reinsurance Group of America, in a research report on Friday, April 28th. 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 research report on Monday, May 1st. Zacks Investment Research downgraded Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $137.00 target price on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average 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 the stock in a transaction dated 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 owns 43,292 shares in the company, valued at approximately $6,047,459.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Timothy T. Matson acquired 500 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was purchased at an average price of $127.39 per share, with a total value of $63,695.00. Following the purchase, the executive vice president now owns 2,430 shares in the company, valued at approximately $309,557.70. The disclosure for this purchase can be found here. In the last quarter, insiders sold 12,589 shares of company stock valued at $1,761,582. Company insiders own 1.47% of the company’s stock.

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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