Dorsey Wright & Associates Has $445,000 Position in Reinsurance Group of America, Incorporated (RGA)

Dorsey Wright & Associates lowered its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,469 shares of the insurance provider’s stock after selling 6 shares during the quarter. Dorsey Wright & Associates’ holdings in Reinsurance Group of America, were worth $445,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. World Asset Management Inc grew its holdings in Reinsurance Group of America, by 0.4% during the second 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 during the period. Advisor Partners LLC grew its holdings in Reinsurance Group of America, by 1.5% during the second 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 during the period. Nomura Asset Management Co. Ltd. grew its holdings in Reinsurance Group of America, by 0.5% during the first 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 during the period. Stanley Laman Group Ltd. grew its holdings in Reinsurance Group of America, by 0.9% during the second 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 during the period. Finally, Commerce Bank grew its holdings in Reinsurance Group of America, by 0.6% during the second quarter. Commerce Bank now owns 13,690 shares of the insurance provider’s stock valued at $1,758,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 90.62% of the company’s stock.

Reinsurance Group of America, Incorporated (NYSE RGA) opened at 134.23 on Friday. The stock has a 50 day moving average of $136.38 and a 200 day moving average of $129.74. The firm has a market cap of $8.66 billion, a PE ratio of 11.43 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 12-month low of $105.57 and a 12-month high of $141.89.

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, topping the consensus estimate of $2.44 by $0.51. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.80 EPS. 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 was paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th were given a $0.50 dividend. The ex-dividend date was Friday, August 4th. This represents a $2.00 annualized dividend and a yield of 1.49%. This is an increase from Reinsurance Group of America,’s previous quarterly dividend of $0.41. Reinsurance Group of America,’s dividend payout ratio (DPR) is presently 17.02%.

Several research firms have recently weighed in on RGA. 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. Zacks Investment Research upgraded shares of 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. Finally, Royal Bank Of Canada set a $134.00 price target on shares of Reinsurance Group of America, and gave the company a “hold” rating in a report on Friday, July 28th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $125.89.

In related news, EVP William L. Hutton sold 4,339 shares of Reinsurance Group of America, stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $140.42, for a total value of $609,282.38. Following the completion of the sale, the executive vice president now owns 18,624 shares of the company’s stock, valued at approximately $2,615,182.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy T. Matson purchased 500 shares of Reinsurance Group of America, stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average cost of $127.39 per share, with a total value of $63,695.00. Following the transaction, the executive vice president now owns 2,430 shares in the company, valued at approximately $309,557.70. The disclosure for this purchase can be found here. In the last three months, insiders sold 14,970 shares of company stock valued at $2,096,360. 1.47% of the stock is currently owned by insiders.

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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.

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

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