New York State Common Retirement Fund boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 555,486 shares of the insurance provider’s stock after acquiring an additional 39,194 shares during the period. New York State Common Retirement Fund owned 0.86% of Reinsurance Group of America, worth $71,319,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in RGA. Israel Discount Bank of New York bought a new stake in Reinsurance Group of America, in the first quarter valued at $125,000. Acrospire Investment Management LLC boosted its holdings in Reinsurance Group of America, by 66.7% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock valued at $128,000 after acquiring an additional 400 shares in the last quarter. Pacad Investment Ltd. bought a new stake in Reinsurance Group of America, in the second quarter valued at $167,000. BB&T Securities LLC bought a new stake in Reinsurance Group of America, in the first quarter valued at $207,000. Finally, IFP Advisors Inc bought a new stake in Reinsurance Group of America, in the second quarter valued at $207,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

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In other news, EVP William L. Hutton sold 4,339 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $140.42, for a total transaction of $609,282.38. Following the transaction, the executive vice president now owns 18,624 shares in the company, valued at $2,615,182.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John P. Laughlin, Jr. sold 1,941 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $3,972,247.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,970 shares of company stock worth $2,096,360. Insiders own 1.47% of the company’s stock.

Several research firms recently weighed in on RGA. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $137.00 price target 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 target on the stock in a 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 report on Friday, July 28th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Reinsurance Group of America, has an average rating of “Hold” and a consensus price target of $125.89.

Shares of Reinsurance Group of America, Incorporated (RGA) traded down 0.57% during mid-day trading on Wednesday, hitting $135.72. 7,610 shares of the stock were exchanged. The stock’s 50 day moving average is $136.21 and its 200 day moving average is $129.85. Reinsurance Group of America, Incorporated has a 12 month low of $106.12 and a 12 month high of $141.89. The firm has a market cap of $8.75 billion, a P/E ratio of 11.56 and a beta of 0.83.

Reinsurance Group of America, (NYSE:RGA) last released its earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share for the quarter, topping 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 business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the firm posted $2.80 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Analysts expect that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were paid a $0.50 dividend. 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 dividend on an annualized basis and a yield of 1.47%. Reinsurance Group of America,’s dividend payout ratio (DPR) is presently 17.02%.

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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