Polar Capital LLP continued to hold its stake in shares of Reinsurance Group of America Inc. (NYSE:RGA) during the second quarter, according to its most recent filing with the SEC. The fund owned 197,500 shares of the company’s stock at the end of the second quarter. Polar Capital LLP owned 0.31% of Reinsurance Group of America worth $19,156,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its stake in shares of Reinsurance Group of America by 13.8% in the first quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock valued at $712,000 after buying an additional 900 shares in the last quarter. Geode Capital Management LLC raised its stake in Reinsurance Group of America by 2.2% in the first quarter. Geode Capital Management LLC now owns 412,370 shares of the company’s stock valued at $39,690,000 after buying an additional 8,773 shares during the period. AMP Capital Investors Ltd bought a new stake in Reinsurance Group of America during the first quarter valued at $453,000. Metropolitan Life Insurance Co. NY raised its stake in Reinsurance Group of America by 2.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 59,132 shares of the company’s stock valued at $5,691,000 after buying an additional 1,214 shares during the period. Finally, Skyline Asset Management LP raised its stake in Reinsurance Group of America by 3.0% in the first quarter. Skyline Asset Management LP now owns 270,847 shares of the company’s stock valued at $26,069,000 after buying an additional 8,000 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

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

Reinsurance Group of America Inc. (NYSE:RGA) traded up 0.53% during mid-day trading on Friday, hitting $116.17. The stock had a trading volume of 632,531 shares. Reinsurance Group of America Inc. has a one year low of $76.96 and a one year high of $116.52. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 11.25 and a beta of 0.93. The stock’s 50 day moving average price is $109.09 and its 200 day moving average price is $101.59.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $2.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.08. The business earned $2.90 billion during the quarter, compared to the consensus estimate of $2.79 billion. Reinsurance Group of America had a return on equity of 9.14% and a net margin of 5.98%. Reinsurance Group of America’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the company earned $1.90 earnings per share. Analysts forecast that Reinsurance Group of America Inc. will post $9.62 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Tuesday, November 8th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, November 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.41%. Reinsurance Group of America’s payout ratio is presently 15.86%.

RGA has been the subject of several analyst reports. Goldman Sachs Group Inc. upgraded Reinsurance Group of America from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $96.00 to $108.00 in a report on Friday, July 15th. Deutsche Bank AG boosted their target price on Reinsurance Group of America from $103.00 to $108.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Zacks Investment Research lowered Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Monday, August 1st. Wells Fargo & Co. initiated coverage on Reinsurance Group of America in a report on Friday, September 23rd. They issued a “market perform” rating for the company. Finally, JPMorgan Chase & Co. lowered Reinsurance Group of America from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $105.00 to $108.00 in a report on Tuesday, October 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Reinsurance Group of America presently has a consensus rating of “Hold” and a consensus target price of $105.67.

In other Reinsurance Group of America news, SVP John W. Hayden sold 1,988 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $105.42, for a total value of $209,574.96. Following the completion of the transaction, the senior vice president now directly owns 8,074 shares in the company, valued at $851,161.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Anna Manning sold 2,015 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $105.22, for a total value of $212,018.30. Following the completion of the transaction, the president now owns 9,707 shares of the company’s stock, valued at $1,021,370.54. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has geographic-based or function-based segments, including U.S. and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific, and Corporate and Other.

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