Rafferty Asset Management LLC lowered its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 17.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,521 shares of the insurance provider’s stock after selling 2,062 shares during the period. Rafferty Asset Management LLC’s holdings in Reinsurance Group of America, were worth $1,222,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Capstone Asset Management Co. grew its holdings in shares of Reinsurance Group of America, by 2.0% in the second quarter. Capstone Asset Management Co. now owns 8,186 shares of the insurance provider’s stock valued at $1,051,000 after purchasing an additional 160 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Reinsurance Group of America, by 2.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 203,494 shares of the insurance provider’s stock valued at $26,127,000 after purchasing an additional 4,100 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Reinsurance Group of America, by 132.8% in the first quarter. Stifel Financial Corp now owns 7,532 shares of the insurance provider’s stock valued at $962,000 after purchasing an additional 4,297 shares in the last quarter. Israel Discount Bank of New York acquired a new position in shares of Reinsurance Group of America, in the first quarter valued at approximately $125,000. Finally, Airain ltd acquired a new position in shares of Reinsurance Group of America, in the second quarter valued at approximately $1,740,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

In other Reinsurance Group of America, news, 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 value of $61,542.80. Following the completion of the sale, the director now owns 20,418 shares of the company’s stock, valued at $2,855,865.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine Rose Detrick sold 750 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $139.50, for a total transaction of $104,625.00. Following the completion of the sale, the director now directly owns 4,682 shares of the company’s stock, valued at approximately $653,139. The disclosure for this sale can be found here. Insiders sold 14,970 shares of company stock valued at $2,096,360 in the last ninety days. 1.47% of the stock is owned by corporate insiders.

A number of brokerages recently weighed in on RGA. Zacks Investment Research upgraded shares of Reinsurance Group of America, from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $137.00 price objective on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada set a $134.00 price objective on shares of Reinsurance Group of America, and gave the company a “hold” rating in a report on Friday, July 28th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Reinsurance Group of America, presently has a consensus rating of “Hold” and a consensus price target of $125.89.

Reinsurance Group of America, Incorporated (RGA) opened at 136.70 on Friday. The stock has a market cap of $8.82 billion, a P/E ratio of 11.64 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 52 week low of $106.12 and a 52 week high of $141.89. The company has a 50-day moving average of $136.21 and a 200-day moving average of $129.85.

Reinsurance Group of America, (NYSE:RGA) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the company earned $2.80 earnings per share. Reinsurance Group of America,’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were given a $0.50 dividend. This is an increase 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 yield of 1.46%. Reinsurance Group of America,’s dividend payout ratio (DPR) is 17.02%.

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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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