Janus Henderson Group PLC boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 9,358.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 550,935 shares of the insurance provider’s stock after purchasing an additional 545,110 shares during the period. Janus Henderson Group PLC owned approximately 0.85% of Reinsurance Group of America, worth $70,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RGA. Acrospire Investment Management LLC grew its position in Reinsurance Group of America, by 66.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 400 shares during the period. D.A. Davidson & CO. grew its position in Reinsurance Group of America, by 27.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock worth $148,000 after purchasing an additional 248 shares during the period. Pacad Investment Ltd. acquired a new stake in Reinsurance Group of America, during the 2nd quarter worth about $167,000. BB&T Securities LLC acquired a new stake in Reinsurance Group of America, during the 1st quarter worth about $207,000. Finally, IFP Advisors Inc acquired a new stake in Reinsurance Group of America, during the 2nd quarter worth about $207,000. 90.60% of the stock is currently owned by institutional investors.

Reinsurance Group of America, Incorporated (NYSE:RGA) opened at 142.39 on Thursday. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 12.13 and a beta of 0.85. Reinsurance Group of America, Incorporated has a 52 week low of $106.68 and a 52 week high of $143.00. The company has a 50-day moving average of $136.43 and a 200-day moving average of $131.20.

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 the consensus estimate of $2.44 by $0.51. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3 billion. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.80 earnings per share. Analysts anticipate that Reinsurance Group of America, Incorporated will post $10.22 earnings per share for the current year.

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Several brokerages have weighed in on RGA. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $137.00 price target on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating and set a $134.00 target price on shares of Reinsurance Group of America, in a research report on Tuesday. Finally, Zacks Investment Research upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a research report on Tuesday, August 1st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Reinsurance Group of America, has an average rating of “Hold” and a consensus target price of $130.00.

In other news, EVP William L. Hutton sold 4,339 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $140.42, for a total value of $609,282.38. Following the sale, the executive vice president now directly owns 18,624 shares in the company, valued at $2,615,182.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Rose Detrick sold 750 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $139.50, for a total transaction of $104,625.00. Following the completion of the sale, the director now owns 4,682 shares in the company, valued at $653,139. The disclosure for this sale can be found here. Insiders sold 14,970 shares of company stock worth $2,096,360 over the last quarter. 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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