Acadian Asset Management LLC decreased its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 96.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,046 shares of the insurance provider’s stock after selling 85,124 shares during the quarter. Acadian Asset Management LLC’s holdings in Reinsurance Group of America were worth $405,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Capital Group LLC raised its holdings in Reinsurance Group of America by 13,083.3% during the 1st quarter. Private Capital Group LLC now owns 791 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 785 shares during the last quarter. Synovus Financial Corp bought a new position in Reinsurance Group of America during the 1st quarter worth approximately $183,000. IBM Retirement Fund bought a new position in Reinsurance Group of America during the 1st quarter worth approximately $218,000. Evergreen Capital Management LLC bought a new position in Reinsurance Group of America during the 1st quarter worth approximately $226,000. Finally, Hartford Investment Management Co. bought a new position in Reinsurance Group of America during the 2nd quarter worth approximately $209,000. Hedge funds and other institutional investors own 92.96% of the company’s stock.

RGA has been the subject of several analyst reports. ValuEngine lowered shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Wells Fargo & Co set a $165.00 price target on shares of Reinsurance Group of America and gave the stock a “hold” rating in a report on Thursday, April 26th. Zacks Investment Research lowered shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. Royal Bank of Canada reiterated a “hold” rating and issued a $150.00 price objective on shares of Reinsurance Group of America in a research note on Friday, July 27th. Finally, Credit Suisse Group began coverage on shares of Reinsurance Group of America in a research note on Wednesday, April 25th. They issued a “neutral” rating and a $164.00 price objective for the company. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Reinsurance Group of America presently has a consensus rating of “Hold” and an average target price of $151.33.

NYSE:RGA opened at $140.37 on Tuesday. The firm has a market capitalization of $8.98 billion, a PE ratio of 12.95 and a beta of 0.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.12 and a quick ratio of 0.12. Reinsurance Group of America Inc has a twelve month low of $126.62 and a twelve month high of $165.12.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, July 26th. The insurance provider reported $3.10 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.04). The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.24 billion. Reinsurance Group of America had a net margin of 13.72% and a return on equity of 7.99%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.95 EPS. analysts forecast that Reinsurance Group of America Inc will post 11.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 7th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, August 6th. This represents a $2.40 annualized dividend and a dividend yield of 1.71%. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.50. Reinsurance Group of America’s payout ratio is currently 22.14%.

In related news, Director John J. Gauthier acquired 1,000 shares of the stock in a transaction dated Tuesday, July 31st. The stock was bought at an average price of $140.19 per share, for a total transaction of $140,190.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $280,380. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director J Cliff Eason sold 2,991 shares of Reinsurance Group of America stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $150.84, for a total transaction of $451,162.44. Following the completion of the sale, the director now owns 8,800 shares of the company’s stock, valued at approximately $1,327,392. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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