Retirement Systems of Alabama Cuts Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Retirement Systems of Alabama reduced its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,348 shares of the insurance provider’s stock after selling 6,245 shares during the period. Retirement Systems of Alabama owned about 0.20% of Reinsurance Group of America, worth $16,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrature Capital Ltd purchased a new position in shares of Reinsurance Group of America, during the fourth quarter worth approximately $269,000. UBS Asset Management Americas Inc. boosted its stake in shares of Reinsurance Group of America, by 99.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 147,863 shares of the insurance provider’s stock worth $18,604,000 after buying an additional 73,733 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Reinsurance Group of America, by 21.0% in the fourth quarter. Teachers Advisors LLC now owns 166,577 shares of the insurance provider’s stock worth $20,960,000 after buying an additional 28,867 shares in the last quarter. 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 worth $133,000 after buying an additional 33 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in shares of Reinsurance Group of America, by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 19,170 shares of the insurance provider’s stock worth $2,434,000 after buying an additional 100 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% during trading on Friday, hitting $136.87. The company had a trading volume of 264,562 shares. The stock 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 one year low of $101.08 and a one year high of $141.89. The stock has a market capitalization of $8.83 billion, a PE ratio of 11.66 and a beta of 0.83.

Reinsurance Group of America, (NYSE:RGA) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, beating the consensus estimate 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 business 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 business earned $2.80 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current 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 paid a dividend of $0.50 per share. 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. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. Reinsurance Group of America,’s payout ratio is presently 17.02%.

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

In related news, EVP John P. Laughlin, Jr. sold 1,941 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $140.77, for a total value of $273,234.57. Following the sale, the executive vice president now owns 28,218 shares of the company’s stock, valued at $3,972,247.86. The sale was disclosed in a legal filing with the SEC, 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 in the company, valued at approximately $6,047,459.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,970 shares of company stock worth $2,096,360. 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.

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

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