Shelton Capital Management Takes Position in Reinsurance Group of America, Incorporated (RGA)

Shelton Capital Management purchased a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,912 shares of the insurance provider’s stock, valued at approximately $631,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Reinsurance Group of America, by 3,630.1% in the 1st quarter. BlackRock Inc. now owns 6,064,017 shares of the insurance provider’s stock valued at $770,008,000 after purchasing an additional 5,901,447 shares during the last quarter. AJO LP lifted its holdings in shares of Reinsurance Group of America, by 30.2% in the 2nd quarter. AJO LP now owns 1,748,038 shares of the insurance provider’s stock valued at $224,431,000 after purchasing an additional 405,008 shares during the last quarter. Janus Capital Management LLC lifted its holdings in shares of Reinsurance Group of America, by 564.5% in the 1st quarter. Janus Capital Management LLC now owns 451,200 shares of the insurance provider’s stock valued at $57,293,000 after purchasing an additional 383,300 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Reinsurance Group of America, by 27.2% in the 1st quarter. AQR Capital Management LLC now owns 1,552,081 shares of the insurance provider’s stock valued at $197,084,000 after purchasing an additional 331,580 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Reinsurance Group of America, by 249.6% in the 1st quarter. Morgan Stanley now owns 441,057 shares of the insurance provider’s stock valued at $56,006,000 after purchasing an additional 314,893 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

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Several research firms have commented on RGA. Zacks Investment Research raised 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 note on Friday, July 7th. Royal Bank Of Canada set a $134.00 price objective on Reinsurance Group of America, and gave the company a “hold” rating in a research note on Friday, July 28th. Goldman Sachs Group, Inc. (The) initiated coverage on Reinsurance Group of America, in a research note on Wednesday. They set a “buy” rating for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $137.00 target price on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Reinsurance Group of America, presently has a consensus rating of “Hold” and an average target price of $130.00.

Reinsurance Group of America, Incorporated (NYSE:RGA) traded up 0.81% during midday trading on Wednesday, hitting $144.39. The company had a trading volume of 6,302 shares. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 12.30 and a beta of 0.85. Reinsurance Group of America, Incorporated has a 12-month low of $106.68 and a 12-month high of $144.44. The company’s 50 day moving average is $136.82 and its 200 day moving average is $131.50.

Reinsurance Group of America, (NYSE:RGA) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.51. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the firm earned $2.80 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post $10.22 EPS for the current fiscal year.

In related news, EVP Alain Neemeh sold 7,500 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $139.69, for a total value of $1,047,675.00. Following the completion of the transaction, the executive vice president now 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 can be accessed through the SEC website. Also, Director Alan C. Henderson sold 440 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were 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 directly owns 20,418 shares of the company’s stock, valued at approximately $2,855,865.66. 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. 1.47% of the stock is owned by insiders.

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.

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

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