Axa decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,089 shares of the insurance provider’s stock after selling 850 shares during the quarter. Axa’s holdings in Reinsurance Group of America, were worth $1,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in RGA. Capstone Asset Management Co. boosted its position in Reinsurance Group of America, by 2.0% during the 2nd 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 position in Reinsurance Group of America, by 2.1% during the 2nd 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 position in Reinsurance Group of America, by 132.8% during the 1st 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 acquired a new stake in Reinsurance Group of America, during the 1st quarter worth about $125,000. Finally, Airain ltd acquired a new stake in Reinsurance Group of America, during the 2nd quarter worth about $1,740,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

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In other news, EVP Alain Neemeh sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $139.69, for a total value of $1,047,675.00. Following the completion of the sale, the executive vice president now directly owns 43,292 shares of the company’s stock, valued at $6,047,459.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William L. Hutton sold 4,339 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $140.42, for a total value of $609,282.38. Following the transaction, the executive vice president now owns 18,624 shares in the company, valued at approximately $2,615,182.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,970 shares of company stock valued at $2,096,360. Insiders own 1.47% of the company’s stock.

A number of equities research analysts have commented 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 objective for the company in a research report on Friday, July 7th. 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. Finally, Keefe, Bruyette & Woods restated 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. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $125.89.

Reinsurance Group of America, Incorporated (NYSE:RGA) opened at 136.06 on Thursday. The company has a market capitalization of $8.77 billion, a P/E ratio of 11.59 and a beta of 0.83. The company has a 50 day moving average price of $136.21 and a 200-day moving average price of $129.85. Reinsurance Group of America, Incorporated has a 52 week low of $106.12 and a 52 week high of $141.89.

Reinsurance Group of America, (NYSE:RGA) last released its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the firm posted $2.80 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.47%. This is a boost 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 dividend payout ratio (DPR) is presently 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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