Shell Asset Management Co. Reduces Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Shell Asset Management Co. lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,773 shares of the insurance provider’s stock after selling 697 shares during the period. Shell Asset Management Co.’s holdings in Reinsurance Group of America, were worth $3,052,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Aviance Capital Partners LLC raised its position in shares of Reinsurance Group of America, by 2.8% in the second quarter. Aviance Capital Partners LLC now owns 5,830 shares of the insurance provider’s stock valued at $748,000 after buying an additional 159 shares during the last quarter. Paragon Capital Management Ltd bought a new position in shares of Reinsurance Group of America, during the second quarter valued at $258,000. ING Groep NV bought a new position in shares of Reinsurance Group of America, during the second quarter valued at $1,006,000. Regentatlantic Capital LLC raised its position in shares of Reinsurance Group of America, by 6.9% in the second quarter. Regentatlantic Capital LLC now owns 41,706 shares of the insurance provider’s stock valued at $5,355,000 after buying an additional 2,706 shares during the last quarter. Finally, Breton Hill Capital Ltd. raised its position in shares of Reinsurance Group of America, by 1.6% in the second quarter. Breton Hill Capital Ltd. now owns 9,071 shares of the insurance provider’s stock valued at $1,165,000 after buying an additional 144 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 (NYSE RGA) opened at 136.87 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $101.08 and a 12 month high of $141.89. The firm has a 50-day moving average of $135.25 and a 200 day moving average of $129.00. The firm has a market cap 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 the Thomson Reuters’ consensus estimate 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 firm 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 earned $2.80 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current fiscal year.

The firm also recently declared 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. The ex-dividend date is Friday, August 4th. This is a positive change 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%. Reinsurance Group of America,’s payout ratio is 17.02%.

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

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