Capital Fund Management S.A. Boosts Stake in Reinsurance Group of America, Incorporated (RGA)

Capital Fund Management S.A. lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 54.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,400 shares of the insurance provider’s stock after buying an additional 7,500 shares during the period. Capital Fund Management S.A.’s holdings in Reinsurance Group of America, were worth $2,748,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Israel Discount Bank of New York purchased a new position in shares of Reinsurance Group of America, during the first quarter worth $125,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Reinsurance Group of America, by 7.0% during the first 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. Pacad Investment Ltd. purchased a new position in shares of Reinsurance Group of America, during the second quarter worth $167,000. BB&T Securities LLC purchased a new position in shares of Reinsurance Group of America, during the first quarter worth $207,000. Finally, IFP Advisors Inc purchased a new position in shares of Reinsurance Group of America, during the second quarter worth $207,000. Institutional investors and hedge funds own 90.62% of the company’s stock.

Shares of Reinsurance Group of America, Incorporated (RGA) opened at 134.30 on Thursday. Reinsurance Group of America, Incorporated has a 1-year low of $105.57 and a 1-year high of $141.89. The firm’s 50 day moving average is $136.43 and its 200 day moving average is $129.67. The firm has a market capitalization of $8.66 billion, a PE ratio of 11.44 and a beta of 0.83.

Reinsurance Group of America, (NYSE:RGA) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, topping 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 firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the business earned $2.80 earnings per share. Reinsurance Group of America,’s revenue for the quarter was up 3.0% compared to the same quarter last year. 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 was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were given a $0.50 dividend. The ex-dividend date was Friday, August 4th. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a yield of 1.49%. Reinsurance Group of America,’s payout ratio is 17.02%.

In related news, EVP Timothy T. Matson acquired 500 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were purchased at an average price of $127.39 per share, for a total transaction of $63,695.00. Following the acquisition, the executive vice president now owns 2,430 shares in the company, valued at $309,557.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alain Neemeh sold 7,500 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $139.69, for a total value of $1,047,675.00. Following the sale, the executive vice president now 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 90 days, insiders have sold 14,970 shares of company stock worth $2,096,360. Corporate insiders own 1.47% of the company’s stock.

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RGA has been the subject of several recent research reports. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Friday, July 7th. Royal Bank Of Canada set a $134.00 target price on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $137.00 target price on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Eight equities 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 a consensus rating of “Hold” and an average price target of $125.89.

Reinsurance Group of America, 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.

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

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