Westpac Banking Corp trimmed its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 81.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,780 shares of the insurance provider’s stock after selling 21,175 shares during the period. Westpac Banking Corp’s holdings in Reinsurance Group of America, were worth $614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RGA. World Asset Management Inc grew its holdings in Reinsurance Group of America, by 0.4% during the second quarter. World Asset Management Inc now owns 4,439 shares of the insurance provider’s stock valued at $570,000 after purchasing an additional 19 shares during the period. Advisor Partners LLC grew its holdings in Reinsurance Group of America, by 1.5% during the second quarter. Advisor Partners LLC now owns 1,956 shares of the insurance provider’s stock valued at $251,000 after purchasing an additional 28 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Reinsurance Group of America, by 0.5% during the first quarter. Nomura Asset Management Co. Ltd. now owns 8,599 shares of the insurance provider’s stock valued at $1,092,000 after purchasing an additional 39 shares during the period. Stanley Laman Group Ltd. grew its holdings in Reinsurance Group of America, by 0.9% during the second quarter. Stanley Laman Group Ltd. now owns 5,630 shares of the insurance provider’s stock valued at $723,000 after purchasing an additional 50 shares during the period. Finally, Commerce Bank grew its holdings in Reinsurance Group of America, by 0.6% during the second quarter. Commerce Bank now owns 13,690 shares of the insurance provider’s stock valued at $1,758,000 after purchasing an additional 78 shares during the period. 90.62% of the stock is owned by institutional investors and hedge funds.

In other Reinsurance Group of America, news, EVP John P. Laughlin, Jr. sold 1,941 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 28,218 shares in the company, valued at approximately $3,972,247.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy T. Matson purchased 500 shares of the stock in a transaction 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 acquisition, the executive vice president now owns 2,430 shares in the company, valued at approximately $309,557.70. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 14,970 shares of company stock valued at $2,096,360. Company insiders own 1.47% of the company’s stock.

A number of brokerages recently issued reports on RGA. Keefe, Bruyette & Woods restated a “hold” rating and set a $137.00 price objective on shares of Reinsurance Group of America, in a 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 objective for the company in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada set a $134.00 price objective on shares of Reinsurance Group of America, and gave the company a “hold” rating in a report on Friday, July 28th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $125.89.

Reinsurance Group of America, Incorporated (RGA) opened at 134.30 on Thursday. Reinsurance Group of America, Incorporated has a 12-month low of $105.57 and a 12-month high of $141.89. The stock has a 50 day moving average of $136.43 and a 200 day moving average of $129.67. The firm has a market cap of $8.66 billion, a PE ratio of 11.44 and a beta of 0.83.

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

The company also recently declared 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 is a positive change from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, August 4th. This represents a $2.00 annualized dividend and a yield of 1.49%. Reinsurance Group of America,’s dividend payout ratio (DPR) is presently 17.02%.

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Reinsurance Group of America, 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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