Laurion Capital Management LP acquired a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,826 shares of the insurance provider’s stock, valued at approximately $3,444,000.

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

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In other Reinsurance Group of America, news, Director Alan C. Henderson sold 440 shares of Reinsurance Group of America, stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $139.87, for a total transaction of $61,542.80. Following the completion of the transaction, the director now owns 20,418 shares in the company, valued at approximately $2,855,865.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John P. Laughlin, Jr. sold 1,941 shares of Reinsurance Group of America, stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $140.77, for a total value of $273,234.57. Following the transaction, the executive vice president now owns 28,218 shares of the company’s stock, valued at approximately $3,972,247.86. The disclosure for this sale can be found here. Insiders have sold a total of 14,970 shares of company stock valued at $2,096,360 in the last quarter. Company insiders own 1.47% of the company’s stock.

Several research firms have recently weighed in on RGA. Zacks Investment Research raised Reinsurance Group of America, from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $137.00 price objective on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. 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 report 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. Reinsurance Group of America, currently has an average rating of “Hold” and a consensus target price of $125.89.

Reinsurance Group of America, Incorporated (NYSE RGA) opened at 135.49 on Tuesday. The company’s 50-day moving average price is $136.31 and its 200 day moving average price is $129.80. The firm has a market capitalization of $8.74 billion, a PE ratio of 11.54 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 12 month low of $106.12 and a 12 month high of $141.89.

Reinsurance Group of America, (NYSE:RGA) last issued its earnings results on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.51. The business 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%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.80 EPS. On average, equities research analysts predict that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $2.00 dividend on an annualized basis and a yield of 1.47%. This is an increase from Reinsurance Group of America,’s previous quarterly dividend of $0.41. Reinsurance Group of America,’s payout ratio is 17.02%.

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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