Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 10.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,483 shares of the insurance provider’s stock after selling 981 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Reinsurance Group of America, were worth $1,089,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RGA. Duncker Streett & Co. Inc. boosted 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 valued at $117,000 after buying an additional 263 shares during the period. Israel Discount Bank of New York acquired a new position in shares of Reinsurance Group of America, during the first quarter valued at $125,000. Creative Planning boosted 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 valued at $133,000 after buying an additional 33 shares during the period. James Investment Research Inc. acquired a new position in shares of Reinsurance Group of America, during the first quarter valued at $143,000. Finally, Bronfman E.L. Rothschild L.P. boosted 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 valued at $167,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 91.20% of the company’s stock.

Shares of Reinsurance Group of America, Incorporated (NYSE RGA) opened at 136.87 on Monday. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of 11.66 and a beta of 0.83. Reinsurance Group of America, Incorporated has a one year low of $100.66 and a one year high of $141.89. The firm’s 50-day moving average is $135.25 and its 200-day moving average is $129.00.

Reinsurance Group of America, (NYSE:RGA) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the business earned $2.80 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.46%. 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 payout ratio is presently 17.02%.

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Several equities analysts have recently weighed in on RGA shares. Zacks Investment Research cut shares of Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reduced their target price on shares of 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 target price on shares of 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 issued a $137.00 target price on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Reinsurance Group of America, in a report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $125.89.

In related news, EVP Alain Neemeh sold 7,500 shares of the business’s 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 in the company, valued at $6,047,459.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy T. Matson purchased 500 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were purchased at an average price of $127.39 per share, with a total value of $63,695.00. Following the completion of the transaction, 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 14,970 shares of company stock valued at $2,096,360 over the last quarter. 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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