Rothschild Asset Management Inc. Has $1,426,000 Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Rothschild Asset Management Inc. continued to hold its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the second quarter, Holdings Channel reports. The firm owned 11,104 shares of the insurance provider’s stock at the end of the second quarter. Rothschild Asset Management Inc.’s holdings in Reinsurance Group of America, were worth $1,426,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of 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 during the period. Vanguard Group Inc. raised its position in shares of 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 during the period. State Street Corp raised its position in shares of 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 during the period. Boston Partners raised its position in shares of 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 during the period. Finally, AQR Capital Management LLC raised its position in shares of 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 during the period. 92.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of Reinsurance Group of America, Incorporated (NYSE RGA) opened at 138.92 on Thursday. The company has a 50-day moving average price of $132.92 and a 200-day moving average price of $128.32. Reinsurance Group of America, Incorporated has a 12-month low of $100.41 and a 12-month high of $141.89. The company has a market cap of $8.96 billion, a P/E ratio of 11.83 and a beta of 0.83.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. 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. Reinsurance Group of America,’s payout ratio is presently 17.02%.

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RGA has been the topic of several research reports. Zacks Investment Research lowered 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 price target on Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating on the stock in a research note on Monday, May 1st. Royal Bank Of Canada set a $134.00 price objective on Reinsurance Group of America, and gave the company a “hold” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $137.00 price objective on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Reinsurance Group of America, in a report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $125.89.

In other news, EVP Timothy T. Matson bought 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average cost of $127.39 per share, with a total value of $63,695.00. Following the transaction, the executive vice president now directly owns 2,430 shares of the company’s stock, valued at approximately $309,557.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William L. Hutton sold 4,339 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $140.42, for a total value of $609,282.38. Following the completion of the sale, the executive vice president now directly owns 18,624 shares of the company’s stock, valued at $2,615,182.08. The disclosure for this sale can be found here. Insiders sold a total of 12,589 shares of company stock valued at $1,761,582 over the last ninety days. 1.47% of the stock is currently owned by corporate insiders.

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.

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

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