First Manhattan Co. Has $564,000 Position in Reinsurance Group of America, Incorporated (RGA)

First Manhattan Co. maintained its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) during the second quarter, according to its most recent filing with the SEC. The fund owned 4,400 shares of the insurance provider’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Reinsurance Group of America, were worth $564,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RGA. Duncker Streett & Co. Inc. boosted its position 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 last quarter. Israel Discount Bank of New York acquired a new position in Reinsurance Group of America, during the first quarter valued at $125,000. Creative Planning boosted its position in 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 in the last quarter. James Investment Research Inc. acquired a new position in Reinsurance Group of America, during the first quarter valued at $143,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position 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 in the last quarter. Hedge funds and other institutional investors own 91.20% of the company’s stock.

Reinsurance Group of America, Incorporated (NYSE RGA) traded down 0.49% on Friday, reaching $136.87. The company had a trading volume of 264,562 shares. The stock’s 50-day moving average is $135.25 and its 200-day moving average is $129.00. Reinsurance Group of America, Incorporated has a 52 week low of $101.08 and a 52 week high of $141.89. The company has a market capitalization of $8.83 billion, a P/E ratio of 11.66 and a beta of 0.83.

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

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

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RGA has been the topic of several research analyst reports. Wells Fargo & Company reissued a “hold” rating on shares of Reinsurance Group of America, in a research report on Friday, April 28th. Royal Bank Of Canada restated a “hold” rating and issued a $127.00 target price on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Zacks Investment Research upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Friday, July 7th. Jefferies Group LLC dropped their target price on Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a report on Monday, May 1st. Finally, 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. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Reinsurance Group of America, presently has an average rating of “Hold” and a consensus price target of $125.89.

In other Reinsurance Group of America, news, EVP John P. Laughlin, Jr. sold 1,941 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $140.77, for a total transaction of $273,234.57. Following the completion of the sale, the executive vice president now owns 28,218 shares in the company, valued at $3,972,247.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Timothy T. Matson bought 500 shares of the stock in a transaction on Wednesday, June 21st. The shares were bought at an average price of $127.39 per share, with a total value of $63,695.00. Following the acquisition, the executive vice president now owns 2,430 shares of the company’s stock, valued at $309,557.70. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 14,970 shares of company stock valued at $2,096,360. 1.47% of the stock is owned by company 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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