Neuberger Berman Group LLC cut its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 489,285 shares of the insurance provider’s stock after selling 46,734 shares during the period. Neuberger Berman Group LLC owned approximately 0.76% of Reinsurance Group of America, worth $62,819,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Reinsurance Group of America, by 3,630.1% in the first quarter. BlackRock Inc. now owns 6,064,017 shares of the insurance provider’s stock worth $770,008,000 after buying an additional 5,901,447 shares during the last quarter. Janus Capital Management LLC increased its position in Reinsurance Group of America, by 564.5% in the first quarter. Janus Capital Management LLC now owns 451,200 shares of the insurance provider’s stock worth $57,293,000 after buying an additional 383,300 shares during the period. AQR Capital Management LLC increased its position in Reinsurance Group of America, by 27.2% in the first quarter. AQR Capital Management LLC now owns 1,552,081 shares of the insurance provider’s stock worth $197,084,000 after buying an additional 331,580 shares during the period. Morgan Stanley increased its position in Reinsurance Group of America, by 249.6% in the first quarter. Morgan Stanley now owns 441,057 shares of the insurance provider’s stock worth $56,006,000 after buying an additional 314,893 shares during the period. Finally, Boston Partners increased its position in Reinsurance Group of America, by 12.2% in the first quarter. Boston Partners now owns 2,427,710 shares of the insurance provider’s stock worth $308,271,000 after buying an additional 263,746 shares during the period. Institutional investors own 90.60% of the company’s stock.

Shares of Reinsurance Group of America, Incorporated (RGA) opened at 134.63 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $104.15 and a 12 month high of $141.89. The stock has a 50 day moving average price of $136.56 and a 200 day moving average price of $129.59. The firm has a market capitalization of $8.68 billion, a P/E ratio of 11.47 and a beta of 0.83.

Reinsurance Group of America, (NYSE:RGA) last released its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.51. The company had revenue of $3.13 billion for 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%. Reinsurance Group of America,’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.80 EPS. On average, analysts expect that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, August 4th. This is a positive change from Reinsurance Group of America,’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a dividend yield of 1.49%. Reinsurance Group of America,’s payout ratio is currently 17.02%.

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A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $137.00 price target 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 price target on the stock in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada set a $134.00 price target on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a research note on Friday, July 28th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $125.89.

In related news, EVP Timothy T. Matson purchased 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were acquired at an average price of $127.39 per share, for a total transaction of $63,695.00. Following the purchase, the executive vice president now owns 2,430 shares in the company, valued at $309,557.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan C. Henderson sold 440 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $139.87, for a total transaction of $61,542.80. Following the completion of the transaction, the director now owns 20,418 shares in the company, valued at approximately $2,855,865.66. The disclosure for this sale can be found here. Insiders have sold a total of 14,970 shares of company stock worth $2,096,360 over the last 90 days. 1.47% of the stock is owned by company insiders.

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.

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

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