Nuance Investments LLC bought a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,624 shares of the insurance provider’s stock, valued at approximately $3,033,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Reinsurance Group of America, by 3,630.1% in the first quarter. BlackRock Inc. now owns 6,064,017 shares of the insurance provider’s stock worth $770,008,000 after buying an additional 5,901,447 shares during the period. Vanguard Group Inc. boosted its position in Reinsurance Group of America, by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,523,791 shares of the insurance provider’s stock worth $701,411,000 after buying an additional 171,644 shares during the period. State Street Corp boosted its position in Reinsurance Group of America, by 11.7% in the first quarter. State Street Corp now owns 2,446,204 shares of the insurance provider’s stock worth $310,607,000 after buying an additional 255,846 shares during the period. Boston Partners boosted its position in Reinsurance Group of America, by 12.2% in the first quarter. Boston Partners now owns 2,427,710 shares of the insurance provider’s stock worth $308,271,000 after buying an additional 263,746 shares during the period. Finally, AQR Capital Management LLC boosted its position in Reinsurance Group of America, by 27.2% in the first quarter. AQR Capital Management LLC now owns 1,552,081 shares of the insurance provider’s stock worth $197,084,000 after buying an additional 331,580 shares during the period. Institutional investors own 90.60% of the company’s stock.

Shares of Reinsurance Group of America, Incorporated (NYSE RGA) opened at 134.93 on Friday. The company has a market capitalization of $8.70 billion, a P/E ratio of 11.49 and a beta of 0.83. The stock has a 50 day moving average of $136.43 and a 200-day moving average of $129.54. Reinsurance Group of America, Incorporated has a 12-month low of $104.15 and a 12-month high of $141.89.

Reinsurance Group of America, (NYSE:RGA) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.51. The business had revenue of $3.13 billion for 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 company’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $2.80 earnings per share. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.49%. This is an increase from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, August 4th. Reinsurance Group of America,’s dividend payout ratio (DPR) is presently 17.02%.

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A number of research analysts 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. Royal Bank Of Canada set a $134.00 target price on shares of Reinsurance Group of America, and gave the company a “hold” rating in a research note on Friday, July 28th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $125.89.

In other news, Director Christine Rose Detrick sold 750 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $139.50, for a total value of $104,625.00. Following the transaction, the director now directly owns 4,682 shares of the company’s stock, valued at $653,139. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy T. Matson purchased 500 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was acquired at an average cost of $127.39 per share, for a total transaction of $63,695.00. Following the completion of the purchase, the executive vice president now owns 2,430 shares of the company’s stock, valued at approximately $309,557.70. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 14,970 shares of company stock worth $2,096,360. 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.

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

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