Artemis Investment Management LLP cut its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 25.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,410 shares of the insurance provider’s stock after selling 6,962 shares during the period. Artemis Investment Management LLP’s holdings in Reinsurance Group of America, were worth $2,619,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in RGA. 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 valued at $770,008,000 after buying an additional 5,901,447 shares in the last quarter. Janus Capital Management LLC boosted its position in Reinsurance Group of America, by 564.5% in the first quarter. Janus Capital Management LLC now owns 451,200 shares of the insurance provider’s stock valued at $57,293,000 after buying an additional 383,300 shares in the last quarter. 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 valued at $197,084,000 after buying an additional 331,580 shares in the last quarter. Morgan Stanley boosted its position in Reinsurance Group of America, by 249.6% in the first quarter. Morgan Stanley now owns 441,057 shares of the insurance provider’s stock valued at $56,006,000 after buying an additional 314,893 shares in the last quarter. Finally, 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 valued at $310,607,000 after buying an additional 255,846 shares in the last quarter. Hedge funds and other institutional investors own 90.62% of the company’s stock.

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In related news, EVP Timothy T. Matson purchased 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average cost of $127.39 per share, with a total value of $63,695.00. Following the acquisition, the executive vice president now owns 2,430 shares of the company’s stock, valued at approximately $309,557.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John P. Laughlin, Jr. sold 1,941 shares of Reinsurance Group of America, stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $140.77, for a total transaction of $273,234.57. Following the sale, the executive vice president now directly owns 28,218 shares in the company, valued at $3,972,247.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,970 shares of company stock worth $2,096,360. Insiders own 1.47% of the company’s stock.

Reinsurance Group of America, Incorporated (NYSE:RGA) opened at 134.63 on Monday. Reinsurance Group of America, Incorporated has a 52-week low of $105.57 and a 52-week high of $141.89. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 11.47 and a beta of 0.83. The firm has a 50-day moving average of $136.56 and a 200-day moving average of $129.59.

Reinsurance Group of America, (NYSE:RGA) last released its earnings results on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the firm earned $2.80 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current fiscal year.

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

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $137.00 price target on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada set a $134.00 price target on shares of Reinsurance Group of America, and gave the company a “hold” rating in a research report on Friday, July 28th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $125.89.

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.

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

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