Federated Investors Inc. PA decreased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 20.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,398 shares of the insurance provider’s stock after selling 8,569 shares during the period. Federated Investors Inc. PA owned approximately 0.05% of Reinsurance Group of America, worth $4,160,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of RGA. Israel Discount Bank of New York purchased a new position in shares of Reinsurance Group of America, during the first quarter valued at about $125,000. Creative Planning raised its position in shares of Reinsurance Group of America, by 3.2% in the first quarter. Creative Planning now owns 1,050 shares of the insurance provider’s stock valued at $133,000 after buying an additional 33 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in shares of Reinsurance Group of America, by 7.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the insurance provider’s stock valued at $167,000 after buying an additional 86 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Reinsurance Group of America, by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,712 shares of the insurance provider’s stock valued at $203,000 after buying an additional 54 shares during the period. Finally, BB&T Securities LLC purchased a new position in shares of Reinsurance Group of America, during the first quarter valued at about $207,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America, Incorporated (NYSE:RGA) opened at 134.63 on Friday. The firm has a 50-day moving average price of $136.56 and a 200 day moving average price of $129.59. Reinsurance Group of America, Incorporated has a 1-year low of $105.57 and a 1-year high of $141.89. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 11.47 and a beta of 0.83.

Reinsurance Group of America, (NYSE:RGA) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the company posted $2.80 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Equities analysts predict that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders 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 1.49%. The ex-dividend date was Friday, August 4th. This is a positive change from Reinsurance Group of America,’s previous quarterly dividend of $0.41. Reinsurance Group of America,’s payout ratio is 17.02%.

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Several brokerages have recently issued reports on RGA. Zacks Investment Research raised Reinsurance Group of America, from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $137.00 price target on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada set a $134.00 price target on Reinsurance Group of America, and gave the company a “hold” rating in a research note on Friday, July 28th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Reinsurance Group of America, currently has a consensus rating of “Hold” and a consensus target price of $125.89.

In other Reinsurance Group of America, news, EVP William L. Hutton sold 4,339 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $140.42, for a total value of $609,282.38. Following the sale, the executive vice president now owns 18,624 shares in the company, valued at approximately $2,615,182.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John P. Laughlin, Jr. sold 1,941 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $140.77, for a total value of $273,234.57. Following the completion of the sale, the executive vice president now owns 28,218 shares in the company, valued at approximately $3,972,247.86. The disclosure for this sale can be found here. Insiders sold a total of 14,970 shares of company stock worth $2,096,360 in the last quarter. Corporate insiders own 1.47% of the company’s stock.

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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