Hermes Investment Management Ltd. Has $63.78 Million Stake in Reinsurance Group of America, Incorporated (RGA)

Hermes Investment Management Ltd. lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 10.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 496,770 shares of the insurance provider’s stock after selling 57,792 shares during the period. Reinsurance Group of America, accounts for 1.0% of Hermes Investment Management Ltd.’s portfolio, making the stock its 26th largest position. Hermes Investment Management Ltd.’s holdings in Reinsurance Group of America, were worth $63,780,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RGA. Quadrature Capital Ltd acquired a new stake in Reinsurance Group of America, during the fourth quarter valued at about $269,000. UBS Asset Management Americas Inc. boosted its stake in Reinsurance Group of America, by 99.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 147,863 shares of the insurance provider’s stock valued at $18,604,000 after buying an additional 73,733 shares during the period. Teachers Advisors LLC boosted its stake in Reinsurance Group of America, by 21.0% in the fourth quarter. Teachers Advisors LLC now owns 166,577 shares of the insurance provider’s stock valued at $20,960,000 after buying an additional 28,867 shares during the period. Highbridge Capital Management LLC boosted its stake in Reinsurance Group of America, by 342.4% in the fourth quarter. Highbridge Capital Management LLC now owns 9,729 shares of the insurance provider’s stock valued at $1,225,000 after buying an additional 7,530 shares during the period. Finally, Pensionfund Sabic acquired a new stake in Reinsurance Group of America, during the first quarter valued at about $1,460,000. Institutional investors and hedge funds own 93.12% of the company’s stock.

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) traded up 0.16% on Monday, hitting $134.12. The company had a trading volume of 49,176 shares. The company has a 50 day moving average of $128.43 and a 200-day moving average of $126.97. Reinsurance Group of America, Incorporated has a 12-month low of $94.33 and a 12-month high of $134.12. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 11.33 and a beta of 0.82.

Reinsurance Group of America, (NYSE:RGA) last released its quarterly earnings data on Thursday, April 27th. The insurance provider reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by $0.25. Reinsurance Group of America, had a net margin of 6.41% and a return on equity of 8.43%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same period in the previous year, the firm posted $1.85 EPS. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, analysts forecast that Reinsurance Group of America, Incorporated will post $9.66 earnings per share for the current year.

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Several equities research analysts have recently issued reports on RGA shares. Zacks Investment Research upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a report on Monday, March 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $125.00 price objective on shares of Reinsurance Group of America, in a report on Thursday, April 6th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Reinsurance Group of America, in a research report on Friday, April 28th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $127.00 target price on shares of Reinsurance Group of America, in a research report on Friday, April 28th. Finally, Jefferies Group LLC cut their target price on Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Monday, May 1st. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $122.44.

In other Reinsurance Group of America, news, EVP Timothy T. Matson acquired 500 shares of Reinsurance Group of America, stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average price of $127.39 per share, with a total value of $63,695.00. Following the purchase, the executive vice president now owns 2,430 shares in the company, valued at $309,557.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.47% of the stock is currently owned by insiders.

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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