Great West Life Assurance Co. Can reduced its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 19.3% during the second quarter, Holdings Channel reports. The institutional investor owned 55,298 shares of the insurance provider’s stock after selling 13,260 shares during the period. Great West Life Assurance Co. Can’s holdings in Reinsurance Group of America, were worth $7,089,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. Duncker Streett & Co. Inc. increased its position in shares of Reinsurance Group of America, by 39.8% in the first quarter. Duncker Streett & Co. Inc. now owns 923 shares of the insurance provider’s stock worth $117,000 after buying an additional 263 shares in the last quarter. Israel Discount Bank of New York bought a new position in shares of Reinsurance Group of America, during the first quarter worth $125,000. Creative Planning increased its position in shares of 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. James Investment Research Inc. bought a new position in shares of Reinsurance Group of America, during the first quarter worth $143,000. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Reinsurance Group of America, by 7.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the insurance provider’s stock worth $167,000 after buying an additional 86 shares in the last quarter. 92.60% of the stock is owned by institutional investors.

Shares of Reinsurance Group of America, Incorporated (RGA) opened at 138.49 on Friday. The company has a market capitalization of $8.93 billion, a P/E ratio of 11.80 and a beta of 0.83. The company’s 50 day moving average is $133.58 and its 200-day moving average is $128.50. Reinsurance Group of America, Incorporated has a 1-year low of $100.52 and a 1-year high of $141.89.

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 analysts’ consensus estimates of $2.44 by $0.51. The business 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 firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $2.80 EPS. On average, equities research analysts forecast that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, August 4th. This is a positive change from Reinsurance Group of America,’s previous quarterly dividend of $0.41. Reinsurance Group of America,’s dividend payout ratio (DPR) is 17.02%.

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A number of brokerages have weighed in on RGA. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $137.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of 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 note on Tuesday, August 1st. Royal Bank Of Canada set a $134.00 target price on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC dropped their target price on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Monday, May 1st. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Reinsurance Group of America, has an average rating of “Hold” and an average price target of $125.89.

In related news, EVP Alain Neemeh sold 7,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 43,292 shares in the company, valued at approximately $6,047,459.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christine Rose Detrick sold 750 shares of the firm’s 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 transaction, the director now owns 4,682 shares of the company’s stock, valued at approximately $653,139. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,589 shares of company stock valued at $1,761,582. 1.47% of the stock is owned by company insiders.

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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