Securian Asset Management Inc Decreases Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Securian Asset Management Inc lowered its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,248 shares of the insurance provider’s stock after selling 192 shares during the period. Securian Asset Management Inc’s holdings in Reinsurance Group of America were worth $712,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RGA. Rockefeller Capital Management L.P. lifted its holdings in Reinsurance Group of America by 20.8% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,636,505 shares of the insurance provider’s stock valued at $206,278,000 after purchasing an additional 281,277 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Reinsurance Group of America by 9.5% in the 2nd quarter. American Century Companies Inc. now owns 2,954,706 shares of the insurance provider’s stock worth $336,836,000 after acquiring an additional 256,473 shares during the last quarter. Prana Capital Management LP acquired a new stake in shares of Reinsurance Group of America in the 1st quarter worth $30,767,000. Eaton Vance Management increased its stake in shares of Reinsurance Group of America by 48.8% in the 1st quarter. Eaton Vance Management now owns 448,379 shares of the insurance provider’s stock worth $56,519,000 after acquiring an additional 146,979 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in shares of Reinsurance Group of America by 1,734.5% in the 1st quarter. Panagora Asset Management Inc. now owns 144,524 shares of the insurance provider’s stock worth $18,217,000 after acquiring an additional 136,646 shares during the last quarter. Institutional investors own 93.22% of the company’s stock.

Shares of Reinsurance Group of America stock opened at $113.17 on Friday. The business has a 50-day moving average of $114.75 and a 200 day moving average of $121.69. Reinsurance Group of America, Incorporated has a 12 month low of $90.23 and a 12 month high of $134.93. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 9.35 and a beta of 1.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.12 and a quick ratio of 0.12.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Monday, August 2nd. The insurance provider reported $4.00 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $1.65. Reinsurance Group of America had a return on equity of 3.84% and a net margin of 5.16%. The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 9.48 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 31st. Investors of record on Tuesday, August 17th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.58%. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.70. The ex-dividend date was Monday, August 16th. Reinsurance Group of America’s dividend payout ratio (DPR) is 38.73%.

RGA has been the subject of a number of recent research reports. Zacks Investment Research raised Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $117.00 target price for the company in a research note on Wednesday, August 4th. JPMorgan Chase & Co. raised Reinsurance Group of America from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $137.00 to $138.00 in a research note on Monday, July 12th. cut their target price on Reinsurance Group of America from $146.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, June 21st. Finally, Morgan Stanley raised their target price on Reinsurance Group of America from $125.00 to $127.00 and gave the stock an “underweight” rating in a research note on Thursday, July 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $127.00.

In related news, Director Christine Rose Detrick sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 6th. The stock was sold at an average price of $121.70, for a total transaction of $365,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.98% of the company’s stock.

Reinsurance Group of America Profile

Reinsurance Group of America, Inc is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America; Canada; Europe, Middle East, and Africa; Asia Pacific; and Corporate and Other.

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

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