Victory Capital Management Inc. Sells 18,307 Shares of Reinsurance Group of America, Incorporated (RGA)

Victory Capital Management Inc. reduced its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 807,362 shares of the insurance provider’s stock after selling 18,307 shares during the period. Victory Capital Management Inc. owned approximately 1.25% of Reinsurance Group of America, worth $112,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. World Asset Management Inc increased its holdings in Reinsurance Group of America, by 0.4% in the 2nd quarter. World Asset Management Inc now owns 4,439 shares of the insurance provider’s stock valued at $570,000 after purchasing an additional 19 shares in the last quarter. Advisor Partners LLC increased its holdings in Reinsurance Group of America, by 1.5% in the 2nd quarter. Advisor Partners LLC now owns 1,956 shares of the insurance provider’s stock valued at $251,000 after purchasing an additional 28 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Reinsurance Group of America, by 0.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 8,599 shares of the insurance provider’s stock valued at $1,092,000 after purchasing an additional 39 shares in the last quarter. Stanley Laman Group Ltd. increased its holdings in Reinsurance Group of America, by 0.9% in the 2nd quarter. Stanley Laman Group Ltd. now owns 5,630 shares of the insurance provider’s stock valued at $723,000 after purchasing an additional 50 shares in the last quarter. Finally, Gotham Asset Management LLC increased its holdings in Reinsurance Group of America, by 3.2% in the 2nd quarter. Gotham Asset Management LLC now owns 1,794 shares of the insurance provider’s stock valued at $230,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 90.52% of the company’s stock.

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Several brokerages recently issued reports on RGA. Royal Bank Of Canada set a $145.00 price target on Reinsurance Group of America, and gave the company a “hold” rating in a report on Friday, October 27th. Wells Fargo & Company reiterated a “hold” rating and issued a $131.00 price target on shares of Reinsurance Group of America, in a report on Thursday, October 26th. Zacks Investment Research upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $137.00 price target on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) began coverage on Reinsurance Group of America, in a report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price target for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $133.88.

In related news, EVP Alain Neemeh sold 7,500 shares of Reinsurance Group of America, stock in a transaction on Monday, August 7th. The shares were sold at an average price of $139.69, for a total value of $1,047,675.00. Following the transaction, the executive vice president now owns 43,292 shares in the company, valued at approximately $6,047,459.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan C. Henderson sold 440 shares of Reinsurance Group of America, stock in a transaction on Monday, August 14th. The stock was sold at an average price of $139.87, for a total transaction of $61,542.80. Following the completion of the transaction, the director now owns 20,418 shares in the company, valued at approximately $2,855,865.66. The disclosure for this sale can be found here. Insiders sold a total of 9,881 shares of company stock worth $1,382,452 in the last quarter. Insiders own 1.47% of the company’s stock.

Reinsurance Group of America, (NYSE:RGA) last announced its earnings results on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, topping the consensus estimate of $2.62 by $0.82. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.08 billion. Reinsurance Group of America, had a net margin of 6.44% and a return on equity of 9.32%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 EPS.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 7th will be issued a $0.50 dividend. The ex-dividend date is Monday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.34%. Reinsurance Group of America,’s dividend payout ratio (DPR) is presently 16.46%.

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.

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

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