Reinsurance Group of America, Incorporated (RGA) Stake Held by South Dakota Investment Council

South Dakota Investment Council continued to hold its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,800 shares of the insurance provider’s stock at the close of the 2nd quarter. South Dakota Investment Council owned about 0.10% of Reinsurance Group of America, worth $8,448,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position in shares of Reinsurance Group of America, by 3.3% in the 2nd quarter. Wells Fargo & Company MN now owns 477,502 shares of the insurance provider’s stock worth $61,306,000 after acquiring an additional 15,119 shares during the period. Schroder Investment Management Group raised its holdings in shares of Reinsurance Group of America, by 5.6% in the 2nd quarter. Schroder Investment Management Group now owns 837,291 shares of the insurance provider’s stock worth $107,944,000 after buying an additional 44,437 shares in the last quarter. LSV Asset Management increased its holdings in Reinsurance Group of America, by 9.0% during the 2nd quarter. LSV Asset Management now owns 752,869 shares of the insurance provider’s stock valued at $96,660,000 after purchasing an additional 62,200 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Reinsurance Group of America, by 9.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 22,371 shares of the insurance provider’s stock valued at $2,872,000 after purchasing an additional 1,983 shares in the last quarter. Finally, Nuance Investments LLC acquired a new stake in Reinsurance Group of America, during the 2nd quarter valued at $3,033,000. Institutional investors own 90.62% of the company’s stock.

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) traded up 0.04% during trading on Friday, reaching $134.28. The company’s stock had a trading volume of 93,956 shares. Reinsurance Group of America, Incorporated has a 12 month low of $105.57 and a 12 month high of $141.89. The stock’s 50 day moving average price is $136.38 and its 200-day moving average price is $129.74. The firm has a market cap of $8.66 billion, a PE ratio of 11.44 and a beta of 0.83.

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 for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.51. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3 billion. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.80 earnings per share. Equities analysts predict that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, August 4th. This represents a $2.00 annualized dividend and a yield of 1.49%. This is a positive change from Reinsurance Group of America,’s previous quarterly dividend of $0.41. Reinsurance Group of America,’s dividend payout ratio (DPR) is 17.02%.

In other news, EVP John P. Laughlin, Jr. sold 1,941 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $140.77, for a total transaction of $273,234.57. Following the completion of the sale, the executive vice president now owns 28,218 shares of the company’s stock, valued at $3,972,247.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alain Neemeh sold 7,500 shares of the company’s stock in a transaction 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 sold a total of 14,970 shares of company stock valued at $2,096,360 in the last 90 days. Company insiders own 1.47% of the company’s stock.

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $137.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Zacks Investment Research raised Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada set a $134.00 price target on Reinsurance Group of America, and gave the stock a “hold” rating in a research report on Friday, July 28th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $125.89.

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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.

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

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