Earnest Partners LLC lessened its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,059,643 shares of the insurance provider’s stock after selling 7,813 shares during the period. Reinsurance Group of America, comprises approximately 1.4% of Earnest Partners LLC’s investment portfolio, making the stock its 13th biggest position. Earnest Partners LLC owned 1.64% of Reinsurance Group of America, worth $136,048,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Capstone Asset Management Co. boosted its position in shares of Reinsurance Group of America, by 2.0% during the second quarter. Capstone Asset Management Co. now owns 8,186 shares of the insurance provider’s stock valued at $1,051,000 after buying an additional 160 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Reinsurance Group of America, by 2.1% during 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 buying an additional 4,100 shares during the period. Stifel Financial Corp boosted its position in shares of Reinsurance Group of America, by 132.8% during the first quarter. Stifel Financial Corp now owns 7,532 shares of the insurance provider’s stock valued at $962,000 after buying an additional 4,297 shares during the period. Airain ltd purchased a new position in shares of Reinsurance Group of America, during the second quarter valued at approximately $1,740,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Reinsurance Group of America, during the second quarter valued at approximately $3,080,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

In related 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 transaction of $609,282.38. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alain Neemeh sold 7,500 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $139.69, for a total transaction of $1,047,675.00. Following the transaction, the executive vice president now directly owns 43,292 shares of the company’s stock, valued at approximately $6,047,459.48. The disclosure for this sale can be found here. Insiders have sold a total of 14,970 shares of company stock valued at $2,096,360 in the last ninety days. 1.47% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on RGA. Zacks Investment Research upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $137.00 price target on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada set a $134.00 price target on Reinsurance Group of America, and gave the company a “hold” rating in a report on Friday, July 28th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Reinsurance Group of America, has an average rating of “Hold” and an average target price of $128.13.

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Shares of Reinsurance Group of America, Incorporated (RGA) traded down 0.42% during mid-day trading on Friday, hitting $141.50. The company had a trading volume of 202,322 shares. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 12.05 and a beta of 0.85. Reinsurance Group of America, Incorporated has a 52-week low of $106.68 and a 52-week high of $142.98. The firm has a 50-day moving average price of $136.00 and a 200 day moving average price of $130.81.

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

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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