Advisor Partners LLC Buys 28 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Advisor Partners LLC increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,956 shares of the insurance provider’s stock after buying an additional 28 shares during the period. Advisor Partners LLC’s holdings in Reinsurance Group of America, were worth $251,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RGA. 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 during the period. Israel Discount Bank of New York bought a new position in shares of Reinsurance Group of America, during the first quarter worth about $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 during the period. James Investment Research Inc. bought a new position in shares of Reinsurance Group of America, during the first quarter worth about $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 during the period. Institutional investors own 92.60% of the company’s stock.

Shares of Reinsurance Group of America, Incorporated (RGA) opened at 138.49 on Friday. Reinsurance Group of America, Incorporated has a 12-month low of $100.52 and a 12-month high of $141.89. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 11.80 and a beta of 0.83. The company’s 50-day moving average price is $133.58 and its 200 day moving average price is $128.50.

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 Zacks’ 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 return on equity of 8.48% and a net margin of 6.33%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.80 earnings per share. On average, equities analysts predict that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current year.

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

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Several research firms have weighed in on RGA. Keefe, Bruyette & Woods restated 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 upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a research note on Tuesday, August 1st. Royal Bank Of Canada set a $134.00 price target on Reinsurance Group of America, and gave the stock a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC dropped their price target on 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 restated a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Reinsurance Group of America, has an average rating of “Hold” and a consensus target price of $125.89.

In other Reinsurance Group of America, news, EVP William L. Hutton sold 4,339 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $140.42, for a total transaction of $609,282.38. Following the transaction, the executive vice president now owns 18,624 shares of the company’s stock, valued at $2,615,182.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy T. Matson acquired 500 shares of the stock in a transaction on Wednesday, June 21st. The shares were bought at an average cost of $127.39 per share, for a total transaction of $63,695.00. Following the purchase, 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 worth $1,761,582 in the last three months. 1.47% of the stock is currently owned by corporate 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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