Victory Capital Management Inc. decreased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 825,669 shares of the insurance provider’s stock after selling 77,453 shares during the period. Victory Capital Management Inc. owned 1.28% of Reinsurance Group of America, worth $106,007,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RGA. Duncker Streett & Co. Inc. increased its stake 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 in the last quarter. Israel Discount Bank of New York acquired a new stake in shares of Reinsurance Group of America, during the first quarter valued at $125,000. Creative Planning increased its stake 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 in the last quarter. James Investment Research Inc. acquired a new stake in shares of Reinsurance Group of America, during the first quarter valued at $143,000. Finally, Bronfman E.L. Rothschild L.P. increased its stake 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 in the last quarter. Institutional investors own 91.20% of the company’s stock.

Reinsurance Group of America, Incorporated (RGA) opened at 135.92 on Friday. The company has a market cap of $8.77 billion, a PE ratio of 11.58 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 12 month low of $104.15 and a 12 month high of $141.89. The stock’s 50 day moving average is $135.76 and its 200 day moving average is $129.27.

Reinsurance Group of America, (NYSE:RGA) last posted its quarterly earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.51. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period last year, the company posted $2.80 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts predict that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be paid a $0.50 dividend. This is an increase from Reinsurance Group of America,’s previous quarterly dividend of $0.41. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, August 4th. Reinsurance Group of America,’s dividend payout ratio (DPR) is presently 17.02%.

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Several brokerages have recently weighed in on RGA. Zacks Investment Research upgraded Reinsurance Group of America, from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Royal Bank Of Canada restated a “hold” rating and set a $127.00 target price on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Wells Fargo & Company restated a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Keefe, Bruyette & Woods restated a “hold” rating and set a $137.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC lowered their target price 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. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Reinsurance Group of America, currently has an average rating of “Hold” and an average price target of $125.89.

In other news, EVP William L. Hutton sold 4,339 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $140.42, for a total value of $609,282.38. Following the sale, the executive vice president now directly owns 18,624 shares in the company, valued at approximately $2,615,182.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Alain Neemeh sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were 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 owns 43,292 shares in the company, valued at $6,047,459.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,970 shares of company stock worth $2,096,360. 1.47% of the stock is currently owned by corporate 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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