World Asset Management Inc raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 4,439 shares of the insurance provider’s stock after buying an additional 19 shares during the period. World Asset Management Inc’s holdings in Reinsurance Group of America, were worth $570,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Meritage Portfolio Management boosted its position in shares of Reinsurance Group of America, by 1.6% in the first quarter. Meritage Portfolio Management now owns 61,954 shares of the insurance provider’s stock valued at $7,867,000 after buying an additional 997 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Reinsurance Group of America, by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,712 shares of the insurance provider’s stock valued at $203,000 after buying an additional 54 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Reinsurance Group of America, by 259.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 103,468 shares of the insurance provider’s stock valued at $13,139,000 after buying an additional 74,649 shares in the last quarter. James Investment Research Inc. acquired a new position in shares of Reinsurance Group of America, during the first quarter valued at about $143,000. Finally, Barometer Capital Management Inc. boosted its position in shares of Reinsurance Group of America, by 12.7% in the first quarter. Barometer Capital Management Inc. now owns 129,000 shares of the insurance provider’s stock valued at $16,380,000 after buying an additional 14,500 shares in the last quarter. 92.60% of the stock is currently owned by institutional investors.

Reinsurance Group of America, Incorporated (NYSE:RGA) opened at 138.92 on Thursday. The firm has a 50 day moving average of $132.92 and a 200 day moving average of $128.32. Reinsurance Group of America, Incorporated has a one year low of $100.41 and a one year high of $141.89. The firm has a market capitalization of $8.96 billion, a PE ratio of 11.83 and a beta of 0.83.

Reinsurance Group of America, (NYSE:RGA) last posted its earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.51. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period in the prior year, the business earned $2.80 EPS. Reinsurance Group of America,’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts forecast that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, August 4th. Reinsurance Group of America,’s dividend payout ratio is presently 17.02%.

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Several brokerages have recently issued reports on RGA. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $137.00 price objective 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 objective on the stock in a research note on Tuesday, August 1st. Royal Bank Of Canada set a $134.00 price objective on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a research note on Friday, July 28th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Finally, Jefferies Group LLC lowered their price objective on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating on the stock in a research note on Monday, May 1st. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus 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 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 completion of the sale, the executive vice president now directly owns 43,292 shares of the company’s stock, valued at approximately $6,047,459.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William L. Hutton sold 4,339 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $140.42, for a total value of $609,282.38. Following the sale, the executive vice president now directly owns 18,624 shares of the company’s stock, valued at $2,615,182.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,589 shares of company stock valued at $1,761,582. 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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