Hermes Investment Management Ltd. Has $63.78 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Hermes Investment Management Ltd. reduced its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 10.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 496,770 shares of the insurance provider’s stock after selling 57,792 shares during the period. Reinsurance Group of America, comprises 1.0% of Hermes Investment Management Ltd.’s holdings, making the stock its 26th largest position. Hermes Investment Management Ltd. owned approximately 0.77% of Reinsurance Group of America, worth $63,780,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Duncker Streett & Co. Inc. boosted its stake in shares of Reinsurance Group of America, by 39.8% in the first quarter. Duncker Streett & Co. Inc. now owns 923 shares of the insurance provider’s stock valued at $117,000 after buying an additional 263 shares during the period. Israel Discount Bank of New York bought a new stake in shares of Reinsurance Group of America, during the first quarter valued at about $125,000. Creative Planning boosted its stake in shares of Reinsurance Group of America, by 3.2% in the first quarter. Creative Planning now owns 1,050 shares of the insurance provider’s stock valued at $133,000 after buying an additional 33 shares during the period. James Investment Research Inc. bought a new stake in shares of Reinsurance Group of America, during the first quarter valued at about $143,000. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in Reinsurance Group of America, by 7.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the insurance provider’s stock valued at $167,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds own 91.20% of the company’s stock.

Shares of Reinsurance Group of America, Incorporated (RGA) traded down 0.49% on Friday, hitting $136.87. The stock had a trading volume of 264,562 shares. The company has a market capitalization of $8.83 billion, a PE ratio of 11.66 and a beta of 0.83. The firm has a 50-day moving average of $135.25 and a 200 day moving average of $129.00. Reinsurance Group of America, Incorporated has a 1-year low of $101.08 and a 1-year high of $141.89.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be issued a dividend of $0.50 per share. This is an increase from Reinsurance Group of America,’s previous quarterly dividend of $0.41. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, August 4th. Reinsurance Group of America,’s payout ratio is currently 17.02%.

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Several equities research analysts have weighed in on RGA shares. Wells Fargo & Company restated a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Royal Bank Of Canada restated a “hold” rating and set a $127.00 target price on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Jefferies Group LLC cut their target price on Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Monday, May 1st. Zacks Investment Research cut Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $137.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $125.89.

In other Reinsurance Group of America, news, EVP William L. Hutton sold 4,339 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alain Neemeh sold 7,500 shares of the business’s 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 sale, the executive vice president now directly owns 43,292 shares of the company’s stock, valued at $6,047,459.48. 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 over the last ninety days. 1.47% of the stock is currently owned by 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.

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

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