Riverhead Capital Management LLC trimmed its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 12.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,383 shares of the insurance provider’s stock after selling 2,802 shares during the period. Riverhead Capital Management LLC’s holdings in Reinsurance Group of America, were worth $2,489,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in RGA. BlackRock Inc. raised its position in shares of Reinsurance Group of America, by 3,630.1% during 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 period. AJO LP raised its position in shares of Reinsurance Group of America, by 30.2% during 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 period. Janus Capital Management LLC raised its position in shares of Reinsurance Group of America, by 564.5% during 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 period. AQR Capital Management LLC raised its position in shares of Reinsurance Group of America, by 27.2% during 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 period. Finally, Morgan Stanley raised its position in shares of Reinsurance Group of America, by 249.6% during 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 period. Hedge funds and other institutional investors own 90.62% of the company’s stock.

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In other news, EVP Alain Neemeh sold 7,500 shares of Reinsurance Group of America, 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 completion of the transaction, the executive vice president now owns 43,292 shares of the company’s stock, valued at approximately $6,047,459.48. 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 Reinsurance Group of America, stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $140.77, for a total value of $273,234.57. Following the transaction, the executive vice president now directly owns 28,218 shares of the company’s stock, valued at approximately $3,972,247.86. The disclosure for this sale can be found here. Insiders have sold a total of 14,970 shares of company stock valued at $2,096,360 in the last ninety days. Corporate insiders own 1.47% of the company’s stock.

RGA has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Reinsurance Group of America, from a “hold” rating to a “sell” rating in a research report on Monday, June 5th. Royal Bank Of Canada set a $134.00 price objective on shares of Reinsurance Group of America, and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $137.00 price objective on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $125.89.

Shares of Reinsurance Group of America, Incorporated (RGA) opened at 134.30 on Thursday. The stock has a 50 day moving average of $136.43 and a 200-day moving average of $129.67. The firm has a market capitalization of $8.66 billion, a PE ratio of 11.44 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 12 month low of $105.57 and a 12 month high of $141.89.

Reinsurance Group of America, (NYSE:RGA) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.51. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.80 EPS. On average, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Friday, August 4th. This is an increase from Reinsurance Group of America,’s previous quarterly dividend of $0.41. Reinsurance Group of America,’s payout ratio is 17.02%.

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.

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

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