Tower Research Capital LLC TRC lessened its stake in Reinsurance Group of America Inc (NYSE:RGA) by 59.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,808 shares of the insurance provider’s stock after selling 4,060 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Reinsurance Group of America were worth $374,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of RGA. Voya Investment Management LLC grew its position in shares of Reinsurance Group of America by 1,282.4% during the 2nd quarter. Voya Investment Management LLC now owns 722,721 shares of the insurance provider’s stock valued at $96,468,000 after buying an additional 670,441 shares during the last quarter. Nuance Investments LLC grew its position in shares of Reinsurance Group of America by 432.1% during the 2nd quarter. Nuance Investments LLC now owns 432,328 shares of the insurance provider’s stock valued at $57,707,000 after buying an additional 351,078 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Reinsurance Group of America by 128.1% during the 1st quarter. JPMorgan Chase & Co. now owns 429,610 shares of the insurance provider’s stock valued at $66,161,000 after buying an additional 241,256 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Reinsurance Group of America by 19.9% during the 1st quarter. Allianz Asset Management GmbH now owns 1,017,851 shares of the insurance provider’s stock valued at $156,750,000 after buying an additional 168,933 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in shares of Reinsurance Group of America by 7,718.1% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 166,916 shares of the insurance provider’s stock valued at $25,705,000 after buying an additional 164,781 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

In other news, Director John J. Gauthier bought 1,000 shares of the firm’s stock in a transaction on Tuesday, July 31st. The stock was purchased at an average price of $140.19 per share, for a total transaction of $140,190.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $280,380. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.47% of the stock is currently owned by corporate insiders.

NYSE RGA opened at $143.41 on Friday. Reinsurance Group of America Inc has a 52 week low of $131.72 and a 52 week high of $165.12. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 13.24 and a beta of 0.80.

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

A number of equities research analysts recently weighed in on RGA shares. Zacks Investment Research downgraded shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research report on Monday, August 27th. Royal Bank of Canada reaffirmed a “hold” rating and set a $150.00 price objective on shares of Reinsurance Group of America in a research report on Friday, July 27th. ValuEngine downgraded shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Credit Suisse Group lowered their price objective on shares of Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. Finally, Wells Fargo & Co set a $165.00 price objective on shares of Reinsurance Group of America and gave the company a “hold” rating in a research report on Thursday, June 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $150.11.

About Reinsurance Group of America

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.

See Also: Technical Analysis

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

Receive News & Ratings for Reinsurance Group of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America and related companies with MarketBeat.com's FREE daily email newsletter.