Reinsurance Group of America Inc (NYSE:RGA) is Earnest Partners LLC’s 7th Largest Position

Earnest Partners LLC boosted its position in Reinsurance Group of America Inc (NYSE:RGA) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,040,418 shares of the insurance provider’s stock after buying an additional 30,881 shares during the quarter. Reinsurance Group of America makes up approximately 1.5% of Earnest Partners LLC’s portfolio, making the stock its 7th biggest position. Earnest Partners LLC’s holdings in Reinsurance Group of America were worth $162,336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RGA. Meeder Asset Management Inc. boosted its holdings in Reinsurance Group of America by 3.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,007 shares of the insurance provider’s stock valued at $313,000 after acquiring an additional 69 shares during the period. HighTower Advisors LLC raised its holdings in Reinsurance Group of America by 1.7% in the 2nd quarter. HighTower Advisors LLC now owns 4,656 shares of the insurance provider’s stock valued at $731,000 after acquiring an additional 80 shares during the last quarter. Heartland Advisors Inc. raised its holdings in Reinsurance Group of America by 2.1% in the 2nd quarter. Heartland Advisors Inc. now owns 4,000 shares of the insurance provider’s stock valued at $624,000 after acquiring an additional 82 shares during the last quarter. Magnus Financial Group LLC raised its holdings in Reinsurance Group of America by 3.4% in the 1st quarter. Magnus Financial Group LLC now owns 2,626 shares of the insurance provider’s stock valued at $373,000 after acquiring an additional 87 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in Reinsurance Group of America by 2.4% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 5,584 shares of the insurance provider’s stock valued at $793,000 after acquiring an additional 133 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

In other Reinsurance Group of America news, EVP John P. Laughlin, Jr. sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $156.81, for a total value of $470,430.00. Following the transaction, the executive vice president now owns 35,097 shares of the company’s stock, valued at $5,503,560.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William L. Hutton sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $158.15, for a total transaction of $237,225.00. Following the completion of the transaction, the executive vice president now directly owns 16,239 shares in the company, valued at approximately $2,568,197.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,300 shares of company stock valued at $823,751. Insiders own 0.78% of the company’s stock.

Several research analysts have weighed in on the company. Royal Bank of Canada set a $170.00 price target on Reinsurance Group of America and gave the company a “buy” rating in a report on Wednesday, July 31st. ValuEngine downgraded Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Morgan Stanley upped their price objective on Reinsurance Group of America from $142.00 to $144.00 and gave the stock an “underweight” rating in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $156.00.

RGA stock opened at $159.54 on Friday. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 13.16 and a beta of 0.67. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $152.16 and a 200-day simple moving average of $150.26. Reinsurance Group of America Inc has a 52 week low of $127.84 and a 52 week high of $163.46.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Monday, July 29th. The insurance provider reported $3.31 EPS for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.06). The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.44 billion. Reinsurance Group of America had a return on equity of 9.19% and a net margin of 5.85%. During the same quarter in the previous year, the company earned $3.10 earnings per share. As a group, analysts expect that Reinsurance Group of America Inc will post 13.03 earnings per share for the current fiscal year.

The company also recently disclosed a special dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 8th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 7th. Reinsurance Group of America’s payout ratio is 23.10%.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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

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