Loews Corp maintained its position in Reinsurance Group of America, Incorporated (NYSE:RGA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,050 shares of the insurance provider’s stock at the close of the 2nd quarter. Loews Corp’s holdings in Reinsurance Group of America, were worth $392,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. World Asset Management Inc increased its holdings in Reinsurance Group of America, by 0.4% in 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 last quarter. Advisor Partners LLC increased its holdings in shares of Reinsurance Group of America, by 1.5% in the second quarter. Advisor Partners LLC now owns 1,956 shares of the insurance provider’s stock worth $251,000 after acquiring an additional 28 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Reinsurance Group of America, by 0.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 8,599 shares of the insurance provider’s stock worth $1,092,000 after acquiring an additional 39 shares in the last quarter. Stanley Laman Group Ltd. increased its holdings in shares of Reinsurance Group of America, by 0.9% in the second quarter. Stanley Laman Group Ltd. now owns 5,630 shares of the insurance provider’s stock worth $723,000 after acquiring an additional 50 shares in the last quarter. Finally, Commerce Bank increased its holdings in shares of Reinsurance Group of America, by 0.6% in the second quarter. Commerce Bank now owns 13,690 shares of the insurance provider’s stock worth $1,758,000 after acquiring an additional 78 shares in the last quarter. Institutional investors and hedge funds own 90.62% of the company’s stock.

Several equities research analysts have issued reports on RGA shares. Zacks Investment Research upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Friday, July 7th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $137.00 price target on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada set a $134.00 price target on Reinsurance Group of America, and gave the stock a “hold” rating in a report on Friday, July 28th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $125.89.

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Reinsurance Group of America, Incorporated (NYSE:RGA) traded up 0.95% on Friday, hitting $135.50. The company had a trading volume of 445,767 shares. The stock’s 50-day moving average price is $136.41 and its 200 day moving average price is $129.78. The company has a market capitalization of $8.74 billion, a P/E ratio of 11.54 and a beta of 0.83. Reinsurance Group of America, Incorporated has a one year low of $106.12 and a one year high of $141.89.

Reinsurance Group of America, (NYSE:RGA) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the business earned $2.80 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, analysts expect 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. Investors of record on Tuesday, August 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.48%. This is a positive change 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 payout ratio is presently 17.02%.

In related news, EVP John P. Laughlin, Jr. sold 1,941 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $140.77, for a total value of $273,234.57. Following the completion of the sale, the executive vice president now directly owns 28,218 shares of the company’s stock, valued at approximately $3,972,247.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy T. Matson bought 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was purchased at an average cost 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 in the company, valued at $309,557.70. The disclosure for this purchase can be found here. Insiders sold a total of 14,970 shares of company stock valued at $2,096,360 over the last ninety days. 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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