Bridgewater Associates LP raised its stake in shares of Reinsurance Group of America Inc (NYSE:RGA) by 72.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,951 shares of the insurance provider’s stock after purchasing an additional 2,500 shares during the quarter. Bridgewater Associates LP’s holdings in Reinsurance Group of America were worth $794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Burney Co. boosted its holdings in Reinsurance Group of America by 9.8% during the second quarter. Burney Co. now owns 157,003 shares of the insurance provider’s stock valued at $20,957,000 after purchasing an additional 14,017 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in Reinsurance Group of America by 60.3% during the second quarter. Ontario Teachers Pension Plan Board now owns 267,528 shares of the insurance provider’s stock valued at $35,710,000 after purchasing an additional 100,612 shares in the last quarter. Meadow Creek Investment Management LLC boosted its holdings in Reinsurance Group of America by 10.2% during the second quarter. Meadow Creek Investment Management LLC now owns 19,096 shares of the insurance provider’s stock valued at $2,549,000 after purchasing an additional 1,764 shares in the last quarter. Tiverton Asset Management LLC acquired a new stake in Reinsurance Group of America during the second quarter valued at approximately $428,000. Finally, Great West Life Assurance Co. Can boosted its holdings in Reinsurance Group of America by 2.3% during the second quarter. Great West Life Assurance Co. Can now owns 66,949 shares of the insurance provider’s stock valued at $8,941,000 after purchasing an additional 1,479 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

Shares of RGA opened at $141.29 on Friday. The company has a market capitalization of $9.01 billion, a PE ratio of 13.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.12 and a current ratio of 0.12. Reinsurance Group of America Inc has a one year low of $127.27 and a one year high of $165.12.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, July 26th. The insurance provider reported $3.10 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.04). The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.24 billion. Reinsurance Group of America had a return on equity of 7.99% and a net margin of 13.72%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.95 earnings per share. sell-side analysts expect that Reinsurance Group of America Inc will post 11.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 7th were issued a $0.60 dividend. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Monday, August 6th. Reinsurance Group of America’s payout ratio is presently 22.14%.

In related news, Director John J. Gauthier acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was purchased at an average price of $140.19 per share, for a total transaction of $140,190.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $280,380. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.47% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Monday, June 4th. Keefe, Bruyette & Woods raised Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a report on Monday, July 30th. Credit Suisse Group reduced their target price on Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, August 17th. ValuEngine downgraded Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, Morgan Stanley reduced their target price on Reinsurance Group of America from $132.00 to $131.00 and set an “underweight” rating on the stock in a report on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $150.11.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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

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