Meeder Asset Management Inc. cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 52.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,208 shares of the insurance provider’s stock after selling 21,314 shares during the period. Meeder Asset Management Inc.’s holdings in Reinsurance Group of America, were worth $2,467,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Hallmark Capital Management Inc. increased its stake in shares of Reinsurance Group of America, by 1.6% in the second quarter. Hallmark Capital Management Inc. now owns 123,280 shares of the insurance provider’s stock valued at $15,828,000 after buying an additional 1,920 shares during the period. Somerset Trust Co purchased a new position in Reinsurance Group of America, during the second quarter worth about $489,000. Integrated Investment Consultants LLC purchased a new position in Reinsurance Group of America, during the second quarter worth about $227,000. Capstone Asset Management Co. increased its position in Reinsurance Group of America, by 2.0% in the second quarter. Capstone Asset Management Co. now owns 8,186 shares of the insurance provider’s stock worth $1,051,000 after buying an additional 160 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in Reinsurance Group of America, by 0.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 8,599 shares of the insurance provider’s stock worth $1,092,000 after buying an additional 39 shares during the last quarter. Institutional investors own 92.60% of the company’s stock.

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) opened at 138.74 on Tuesday. The firm has a market capitalization of $8.95 billion, a PE ratio of 11.82 and a beta of 0.83. The stock has a 50 day moving average price of $130.95 and a 200-day moving average price of $127.70. Reinsurance Group of America, Incorporated has a 52-week low of $99.01 and a 52-week high of $140.97.

Reinsurance Group of America, (NYSE:RGA) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.51. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.80 earnings per share. Equities analysts forecast that Reinsurance Group of America, Incorporated will post $10.20 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, August 4th. This is an increase 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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RGA has been the subject of a number of research reports. Zacks Investment Research downgraded Reinsurance Group of America, from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC decreased their price objective on Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a report on Monday, May 1st. Royal Bank Of Canada set a $134.00 price objective on Reinsurance Group of America, and gave the stock a “hold” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $137.00 price target on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Reinsurance Group of America, in a research report on Friday, April 28th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $125.89.

In other Reinsurance Group of America, news, Director Christine Rose Detrick sold 750 shares of Reinsurance Group of America, stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $139.50, for a total value of $104,625.00. Following the completion of the sale, the director now owns 4,682 shares of the company’s stock, valued at approximately $653,139. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William L. Hutton sold 4,339 shares of Reinsurance Group of America, stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 18,624 shares of the company’s stock, valued at approximately $2,615,182.08. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

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.

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

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