First Republic Investment Management Inc. trimmed its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 9.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,562 shares of the insurance provider’s stock after selling 476 shares during the period. First Republic Investment Management Inc.’s holdings in Reinsurance Group of America were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James & Associates increased its holdings in Reinsurance Group of America by 4.1% during the second quarter. Raymond James & Associates now owns 113,236 shares of the insurance provider’s stock worth $15,115,000 after buying an additional 4,458 shares during the last quarter. Laurion Capital Management LP increased its holdings in Reinsurance Group of America by 12.2% during the second quarter. Laurion Capital Management LP now owns 22,349 shares of the insurance provider’s stock worth $2,983,000 after buying an additional 2,423 shares during the last quarter. Earnest Partners LLC increased its holdings in Reinsurance Group of America by 3.4% during the second quarter. Earnest Partners LLC now owns 1,041,384 shares of the insurance provider’s stock worth $139,004,000 after buying an additional 34,069 shares during the last quarter. Bridgewater Associates LP increased its holdings in Reinsurance Group of America by 72.4% during the second quarter. Bridgewater Associates LP now owns 5,951 shares of the insurance provider’s stock worth $794,000 after buying an additional 2,500 shares during the last quarter. Finally, Burney Co. increased its holdings in Reinsurance Group of America by 9.8% during the second quarter. Burney Co. now owns 157,003 shares of the insurance provider’s stock worth $20,957,000 after buying an additional 14,017 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Several research firms have commented on RGA. ValuEngine downgraded shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a report on Monday, July 30th. Credit Suisse Group decreased their price objective on shares of Reinsurance Group of America from $164.00 to $155.00 and set a “neutral” rating on the stock in a report on Wednesday, June 27th. Finally, Morgan Stanley decreased their price objective on shares of Reinsurance Group of America from $132.00 to $131.00 and set an “underweight” rating on the stock in a report on Wednesday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $150.11.

In other Reinsurance Group of America news, Director John J. Gauthier bought 1,000 shares of Reinsurance Group of America stock in a transaction dated Tuesday, July 31st. The stock was bought at an average price of $140.19 per share, with a total value of $140,190.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $280,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.47% of the company’s stock.

NYSE:RGA opened at $147.45 on Monday. Reinsurance Group of America Inc has a one year low of $131.72 and a one year high of $165.12. The firm has a market capitalization of $9.39 billion, a price-to-earnings ratio of 13.60 and a beta of 0.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.12 and a current ratio of 0.12.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, July 26th. The insurance provider reported $3.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.14 by ($0.04). Reinsurance Group of America had a net margin of 13.72% and a return on equity of 7.99%. The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the firm earned $2.95 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 2.1% on a year-over-year basis. analysts predict that Reinsurance Group of America Inc will post 11.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 7th were issued a $0.60 dividend. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, August 6th. Reinsurance Group of America’s payout ratio is currently 22.14%.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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

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