Fiera Capital Corp Acquires 145,505 Shares of Reinsurance Group of America, Incorporated (RGA)

Fiera Capital Corp boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 57.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 400,469 shares of the insurance provider’s stock after purchasing an additional 145,505 shares during the quarter. Fiera Capital Corp owned about 0.62% of Reinsurance Group of America, worth $51,416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. grew its holdings in Reinsurance Group of America, by 3,630.1% in the first quarter. BlackRock Inc. now owns 6,064,017 shares of the insurance provider’s stock worth $770,008,000 after purchasing an additional 5,901,447 shares during the period. Vanguard Group Inc. grew its holdings in Reinsurance Group of America, by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,523,791 shares of the insurance provider’s stock worth $701,411,000 after purchasing an additional 171,644 shares during the period. State Street Corp grew its holdings in Reinsurance Group of America, by 11.7% in the first quarter. State Street Corp now owns 2,446,204 shares of the insurance provider’s stock worth $310,607,000 after purchasing an additional 255,846 shares during the period. AJO LP grew its holdings in Reinsurance Group of America, by 30.2% in the second quarter. AJO LP now owns 1,748,038 shares of the insurance provider’s stock worth $224,431,000 after purchasing an additional 405,008 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Reinsurance Group of America, by 27.2% in the first quarter. AQR Capital Management LLC now owns 1,552,081 shares of the insurance provider’s stock worth $197,084,000 after purchasing an additional 331,580 shares during the period. Institutional investors and hedge funds own 90.62% of the company’s stock.

Reinsurance Group of America, Incorporated (NYSE:RGA) traded down 0.16% during midday trading on Wednesday, hitting $134.42. 6,785 shares of the stock were exchanged. The firm’s 50 day moving average price is $136.43 and its 200 day moving average price is $129.63. Reinsurance Group of America, Incorporated has a 12 month low of $105.57 and a 12 month high of $141.89. The company has a market cap of $8.67 billion, a PE ratio of 11.45 and a beta of 0.83.

Reinsurance Group of America, (NYSE:RGA) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3 billion. During the same quarter in the previous year, the firm earned $2.80 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders 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 dividend on an annualized basis and a dividend 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 payout ratio is presently 17.02%.

In other news, Director Christine Rose Detrick sold 750 shares of Reinsurance Group of America, stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $139.50, for a total value of $104,625.00. Following the transaction, the director now owns 4,682 shares of the company’s stock, valued at approximately $653,139. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William L. Hutton sold 4,339 shares of Reinsurance Group of America, stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $140.42, for a total transaction of $609,282.38. Following the completion of the transaction, the executive vice president now directly owns 18,624 shares in the company, valued at approximately $2,615,182.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,970 shares of company stock worth $2,096,360. Insiders own 1.47% of the company’s stock.

A number of brokerages have weighed in on RGA. Keefe, Bruyette & Woods restated a “hold” rating and issued a $137.00 price objective 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 objective on the stock in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada set a $134.00 price objective on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a report on Friday, July 28th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $125.89.

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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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