M&T Bank Corp cut its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,134 shares of the insurance provider’s stock after selling 236 shares during the quarter. M&T Bank Corp’s holdings in Reinsurance Group of America, were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Capstone Asset Management Co. boosted its stake in shares of Reinsurance Group of America, by 2.0% in the second quarter. Capstone Asset Management Co. now owns 8,186 shares of the insurance provider’s stock valued at $1,051,000 after purchasing an additional 160 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Reinsurance Group of America, by 2.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 203,494 shares of the insurance provider’s stock valued at $26,127,000 after purchasing an additional 4,100 shares during the period. Stifel Financial Corp boosted its stake in shares of 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 purchasing an additional 4,297 shares during the period. Airain ltd purchased a new position in shares of Reinsurance Group of America, in the second quarter valued at $1,740,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Reinsurance Group of America, in the second quarter valued at $3,080,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Several brokerages have recently weighed in on RGA. Zacks Investment Research upgraded shares of 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. Keefe, Bruyette & Woods reiterated 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. Finally, 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 note on Friday, July 28th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Reinsurance Group of America, presently has an average rating of “Hold” and an average price target of $128.13.

In other news, EVP Alain Neemeh sold 7,500 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 43,292 shares in the company, valued at $6,047,459.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alan C. Henderson sold 440 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $139.87, for a total transaction of $61,542.80. Following the completion of the sale, the director now owns 20,418 shares in the company, valued at approximately $2,855,865.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,970 shares of company stock worth $2,096,360. 1.47% of the stock is currently owned by corporate insiders.

Reinsurance Group of America, Incorporated (RGA) opened at 141.50 on Friday. The firm’s 50-day moving average is $136.00 and its 200-day moving average is $130.81. The company has a market capitalization of $9.13 billion, a P/E ratio of 12.05 and a beta of 0.85. Reinsurance Group of America, Incorporated has a 1-year low of $106.68 and a 1-year high of $142.98.

Reinsurance Group of America, (NYSE:RGA) last announced its quarterly earnings data 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 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%. Reinsurance Group of America,’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $2.80 earnings per share. Equities research analysts predict that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current year.

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Reinsurance Group of America, Company 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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