TD Asset Management Inc. increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 48.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,327 shares of the insurance provider’s stock after buying an additional 88,467 shares during the period. TD Asset Management Inc.’s holdings in Reinsurance Group of America, were worth $34,964,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of RGA. IFP Advisors Inc bought a new stake in shares of Reinsurance Group of America, during the second quarter worth about $207,000. Texas Permanent School Fund raised its stake in shares of Reinsurance Group of America, by 0.9% in the second quarter. Texas Permanent School Fund now owns 47,013 shares of the insurance provider’s stock worth $6,036,000 after buying an additional 434 shares during the period. World Asset Management Inc raised its stake in shares of Reinsurance Group of America, by 0.4% in the second quarter. World Asset Management Inc now owns 4,439 shares of the insurance provider’s stock worth $570,000 after buying an additional 19 shares during the period. Bessemer Group Inc. raised its stake in shares of Reinsurance Group of America, by 17,490.2% in the second quarter. Bessemer Group Inc. now owns 28,848 shares of the insurance provider’s stock worth $3,704,000 after buying an additional 28,684 shares during the period. Finally, Harbour Capital Advisors LLC raised its stake in shares of Reinsurance Group of America, by 12,739.0% in the second quarter. Harbour Capital Advisors LLC now owns 243,941 shares of the insurance provider’s stock worth $1,900,000 after buying an additional 242,041 shares during the period. 92.60% of the stock is owned by institutional investors.

Shares of Reinsurance Group of America, Incorporated (NYSE RGA) opened at 138.92 on Thursday. The company has a 50 day moving average of $132.92 and a 200 day moving average of $128.32. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 11.83 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 1-year low of $100.41 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, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.51. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the firm earned $2.80 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be given a dividend of $0.50 per share. This is an increase from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, August 4th. This represents a $2.00 annualized dividend and a dividend yield of 1.44%. Reinsurance Group of America,’s dividend payout ratio is currently 17.02%.

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A number of brokerages have issued reports on RGA. Keefe, Bruyette & Woods reissued a “hold” rating and set 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 company a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC decreased 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 reissued 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 given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $125.89.

In related news, EVP Alain Neemeh sold 7,500 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $139.69, for a total transaction 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 $6,047,459.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy T. Matson bought 500 shares of Reinsurance Group of America, stock in a transaction that occurred on Wednesday, June 21st. The shares were acquired at an average price of $127.39 per share, with a total value of $63,695.00. Following the acquisition, the executive vice president now directly owns 2,430 shares of the company’s stock, valued at approximately $309,557.70. The disclosure for this purchase can be found here. Insiders have sold 12,589 shares of company stock valued at $1,761,582 in the last three months. 1.47% of the stock is owned by 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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