Reinsurance Group of America, Incorporated (RGA) Shares Bought by Origin Asset Management LLP

Origin Asset Management LLP lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,179 shares of the insurance provider’s stock after acquiring an additional 6,000 shares during the quarter. Reinsurance Group of America, comprises approximately 1.8% of Origin Asset Management LLP’s holdings, making the stock its 16th biggest holding. Origin Asset Management LLP owned approximately 0.36% of Reinsurance Group of America, worth $30,066,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Israel Discount Bank of New York purchased a new stake in Reinsurance Group of America, during the 1st quarter worth $125,000. Pacad Investment Ltd. bought a new stake in shares of Reinsurance Group of America, in the 2nd quarter worth about $167,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Reinsurance Group of America, by 7.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the insurance provider’s stock worth $167,000 after purchasing an additional 86 shares during the last quarter. Parallel Advisors LLC bought a new stake in shares of Reinsurance Group of America, in the 2nd quarter worth about $225,000. Finally, IFP Advisors Inc bought a new stake in shares of Reinsurance Group of America, in the 2nd quarter worth about $207,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

A number of brokerages recently weighed in on RGA. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $137.00 price objective on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada set a $134.00 target price on shares of Reinsurance Group of America, and gave the company a “hold” rating in a research note on Friday, July 28th. 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, has a consensus rating of “Hold” and a consensus target price of $125.89.

Reinsurance Group of America, Incorporated (NYSE:RGA) traded down 0.42% during midday trading on Wednesday, hitting $135.93. 89,933 shares of the stock were exchanged. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 11.58 and a beta of 0.83. The company has a 50 day moving average price of $136.21 and a 200 day moving average price of $129.85. Reinsurance Group of America, Incorporated has a one year low of $106.12 and a one year high of $141.89.

Reinsurance Group of America, (NYSE:RGA) last announced its earnings results on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, beating 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 business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the prior year, the business posted $2.80 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. Equities analysts anticipate that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.47%. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, August 4th. Reinsurance Group of America,’s dividend payout ratio is presently 17.02%.

In other Reinsurance Group of America, news, EVP John P. Laughlin, Jr. sold 1,941 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 28,218 shares in the company, valued at approximately $3,972,247.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William L. Hutton sold 4,339 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $140.42, for a total value of $609,282.38. Following the transaction, the executive vice president now owns 18,624 shares in the company, valued at $2,615,182.08. The disclosure for this sale can be found here. Insiders have sold a total of 14,970 shares of company stock worth $2,096,360 over the last 90 days. Company insiders own 1.47% of the company’s stock.

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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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