Mutual of America Capital Management LLC lessened its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,768 shares of the insurance provider’s stock after selling 6,033 shares during the period. Mutual of America Capital Management LLC owned about 0.11% of Reinsurance Group of America worth $9,456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IHT Wealth Management LLC grew its holdings in Reinsurance Group of America by 225.8% during the 2nd quarter. IHT Wealth Management LLC now owns 202 shares of the insurance provider’s stock worth $309,000 after acquiring an additional 140 shares in the last quarter. Toronto Dominion Bank grew its holdings in Reinsurance Group of America by 11.7% during the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 83 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in Reinsurance Group of America by 66.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock worth $128,000 after acquiring an additional 400 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Reinsurance Group of America by 27.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock worth $148,000 after acquiring an additional 248 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new position in Reinsurance Group of America during the 2nd quarter worth approximately $167,000. Institutional investors own 90.54% of the company’s stock.

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Shares of Reinsurance Group of America Inc (RGA) traded down 0.30% on Friday, hitting $145.00. 319,659 shares of the stock traded hands. The firm’s 50-day moving average is $137.89 and its 200 day moving average is $131.92. Reinsurance Group of America Inc has a 12-month low of $106.68 and a 12-month high of $147.13. The firm has a market cap of $9.35 billion, a P/E ratio of 12.35 and a beta of 0.85.

Reinsurance Group of America (NYSE:RGA) last released its quarterly 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 net margin of 7.41% and a return on equity of 12.10%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the company earned $2.80 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts forecast that Reinsurance Group of America Inc will post $10.22 EPS for the current fiscal year.

In other news, EVP William L. Hutton sold 4,339 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $140.42, for a total transaction of $609,282.38. Following the completion of the sale, the executive vice president now owns 18,624 shares of the company’s stock, valued at $2,615,182.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,047,675.00. Following the sale, the executive vice president now directly owns 43,292 shares of the company’s stock, valued at approximately $6,047,459.48. The disclosure for this sale can be found here. Insiders have sold 14,970 shares of company stock valued at $2,096,360 in the last three months. Corporate insiders own 1.47% of the company’s stock.

Several research analysts have commented on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Reinsurance Group of America in a report on Wednesday. They set a “buy” rating and a $153.00 price target for the company. Royal Bank Of Canada reiterated a “hold” rating and set a $134.00 price target on shares of Reinsurance Group of America in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $137.00 price target on shares of Reinsurance Group of America in a report on Thursday, August 3rd. Finally, 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 for the company in a report on Tuesday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $132.71.

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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