Cigna Investments Inc. New decreased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,793 shares of the insurance provider’s stock after selling 100 shares during the period. Cigna Investments Inc. New’s holdings in Reinsurance Group of America, were worth $744,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Reinsurance Group of America, by 3,630.1% in the first quarter. BlackRock Inc. now owns 6,064,017 shares of the insurance provider’s stock valued at $770,008,000 after buying an additional 5,901,447 shares in the last quarter. Vanguard Group Inc. increased its stake in Reinsurance Group of America, by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,523,791 shares of the insurance provider’s stock valued at $701,411,000 after buying an additional 171,644 shares in the last quarter. State Street Corp increased its stake in Reinsurance Group of America, by 11.7% in the first quarter. State Street Corp now owns 2,446,204 shares of the insurance provider’s stock valued at $310,607,000 after buying an additional 255,846 shares in the last quarter. Boston Partners increased its stake in Reinsurance Group of America, by 12.2% in the first quarter. Boston Partners now owns 2,427,710 shares of the insurance provider’s stock valued at $308,271,000 after buying an additional 263,746 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Reinsurance Group of America, by 27.2% in the first quarter. AQR Capital Management LLC now owns 1,552,081 shares of the insurance provider’s stock valued at $197,084,000 after buying an additional 331,580 shares in the last quarter. 92.60% of the stock is owned by hedge funds and other institutional investors.

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) opened at 138.49 on Friday. The company has a 50 day moving average price of $133.58 and a 200-day moving average price of $128.50. Reinsurance Group of America, Incorporated has a 12-month low of $100.52 and a 12-month high of $141.89. The firm has a market cap of $8.93 billion, a PE ratio of 11.80 and a beta of 0.83.

Reinsurance Group of America, (NYSE:RGA) last announced its earnings results on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.80 earnings per share. Analysts expect that Reinsurance Group of America, Incorporated will post $10.21 EPS 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 given a $0.50 dividend. This is a positive change from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, August 4th. This represents a $2.00 annualized dividend and a yield of 1.44%. Reinsurance Group of America,’s payout ratio is 17.02%.

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Several analysts have commented on RGA shares. Zacks Investment Research downgraded Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC cut their target price on Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Monday, May 1st. Royal Bank Of Canada set a $134.00 target price on Reinsurance Group of America, and gave the stock a “hold” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $137.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $125.89.

In other Reinsurance Group of America, news, EVP Alain Neemeh sold 7,500 shares of Reinsurance Group of America, stock in a transaction that occurred 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 transaction, the executive vice president now owns 43,292 shares in the company, valued at $6,047,459.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Timothy T. Matson purchased 500 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was acquired at an average price of $127.39 per share, for a total transaction of $63,695.00. Following the transaction, the executive vice president now owns 2,430 shares of the company’s stock, valued at approximately $309,557.70. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 12,589 shares of company stock worth $1,761,582. 1.47% of the stock is currently owned by company 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.

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

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