BT Investment Management Ltd acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,062 shares of the insurance provider’s stock, valued at approximately $4,116,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its stake in shares of Reinsurance Group of America, by 2.0% in the second quarter. Capstone Asset Management Co. now owns 8,186 shares of the insurance provider’s stock worth $1,051,000 after acquiring an additional 160 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Reinsurance Group of America, by 2.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 203,494 shares of the insurance provider’s stock worth $26,127,000 after acquiring an additional 4,100 shares during the period. Stifel Financial Corp boosted its stake in shares of Reinsurance Group of America, by 132.8% in the first quarter. Stifel Financial Corp now owns 7,532 shares of the insurance provider’s stock worth $962,000 after acquiring an additional 4,297 shares during the period. Israel Discount Bank of New York bought a new position in shares of Reinsurance Group of America, in the first quarter worth about $125,000. Finally, Airain ltd bought a new position in shares of Reinsurance Group of America, in the second quarter worth about $1,740,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

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

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Reinsurance Group of America, Incorporated (NYSE RGA) opened at 135.50 on Monday. The company’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 price-to-earnings ratio of 11.54 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 52 week low of $105.57 and a 52 week 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.51. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3 billion. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. Reinsurance Group of America,’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.80 EPS. Equities analysts forecast that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were issued a dividend of $0.50 per share. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Friday, August 4th. Reinsurance Group of America,’s payout ratio is currently 17.02%.

In related news, EVP Timothy T. Matson bought 500 shares of the stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average cost of $127.39 per share, for a total transaction of $63,695.00. Following the acquisition, the executive vice president now directly owns 2,430 shares in the company, valued at approximately $309,557.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan C. Henderson sold 440 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $139.87, for a total value of $61,542.80. Following the transaction, the director now owns 20,418 shares in the company, valued at $2,855,865.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,970 shares of company stock worth $2,096,360. Insiders own 1.47% of the company’s stock.

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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