Boston Partners decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.0% during the second quarter, Holdings Channel reports. The fund owned 2,233,114 shares of the insurance provider’s stock after selling 194,596 shares during the period. Boston Partners’ holdings in Reinsurance Group of America, were worth $286,710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGA. UBS Asset Management Americas Inc. raised its position in Reinsurance Group of America, by 99.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 147,863 shares of the insurance provider’s stock valued at $18,604,000 after buying an additional 73,733 shares during the last quarter. Stifel Financial Corp raised its position in Reinsurance Group of America, by 132.8% in the first quarter. Stifel Financial Corp now owns 7,532 shares of the insurance provider’s stock valued at $962,000 after buying an additional 4,297 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Reinsurance Group of America, during the fourth quarter valued at $269,000. Israel Discount Bank of New York purchased a new position in Reinsurance Group of America, during the first quarter valued at $125,000. Finally, Oregon Public Employees Retirement Fund raised its position in Reinsurance Group of America, by 61.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 36,432 shares of the insurance provider’s stock valued at $4,626,000 after buying an additional 13,900 shares during the last quarter. 92.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of Reinsurance Group of America, Incorporated (NYSE RGA) opened at 138.82 on Friday. The firm’s 50-day moving average is $133.24 and its 200 day moving average is $128.40. Reinsurance Group of America, Incorporated has a one year low of $100.41 and a one year high of $141.89. The firm has a market capitalization of $8.95 billion, a P/E ratio of 11.83 and a beta of 0.83.

Reinsurance Group of America, (NYSE:RGA) last posted its quarterly earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.51. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3 billion. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.80 EPS. Equities research analysts predict that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.44%. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, August 4th. Reinsurance Group of America,’s dividend payout ratio is presently 17.02%.

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Several research analysts recently weighed in on RGA shares. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Friday, July 7th. Royal Bank Of Canada set a $134.00 price objective on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC reduced their price objective on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating on the stock in a research note on Monday, May 1st. Wells Fargo & Company reissued a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $137.00 price objective on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. 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, presently has an average rating of “Hold” and a consensus price target of $125.89.

In other Reinsurance Group of America, news, EVP Alain Neemeh sold 7,500 shares of the 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 transaction, the executive vice president now directly owns 43,292 shares in the company, valued at approximately $6,047,459.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William L. Hutton sold 4,339 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $140.42, for a total value of $609,282.38. Following the transaction, the executive vice president now owns 18,624 shares in the company, valued at $2,615,182.08. The disclosure for this sale can be found here. Insiders have sold a total of 12,589 shares of company stock worth $1,761,582 over the last 90 days. Company 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.

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

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